Chapter 5. Novation - California Civil Code Section 1533

1533.  Section Fifteen Hundred and Thirty-three. When the
obligation of a third person, or an order upon such person is
accepted in satisfaction, the creditor may rescind such (such)
acceptance if the debtor prevents such person from complying with the
order, or from fulfilling the obligation; or if, at the time the
obligation or order is received, such person is insolvent, and this
fact is unknown to the creditor, or if, before the creditor can with
reasonable diligence present the order to the person upon whom it is
given, he becomes insolvent.

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Last modified: February 16, 2015