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HomeCivil CodeDiv. 3Pt. 1Ch. 5§ 1530 Contract Obligation Substitution

§ 1530 Contract Obligation Substitution

Civil Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 1530 Contract Obligation Substitution

This law explains that a contract can be changed by replacing the old duty with a new one, called novation.

Key Takeaways

  • •Novation swaps one legal obligation for another.
  • •All parties must agree to the change.
  • •The original obligation ends once the new one starts.

Example

A borrower wants to replace an old loan with a new loan that has different terms.

If the borrower and lender agree to cancel the old loan and start a new one, the new loan takes the place of the old one, and the old loan is no longer enforceable.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 1530 Contract Obligation Substitution

Novation is the substitution of a new obligation for an existing one. (Enacted 1872.)

Last verified: January 9, 2026

Key Terms

Novationobligation

Related Statutes

  • § 1531 Debt Obligation Substitution
  • § 1532 Novation Contract Rules
  • § 9554 Public Works Payment Bonds
  • § 1227 Fraudulent Real Property Transfers
  • § 1228 Fraudulent Instrument Protection Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Civil Code. Section 1530.
View Official Source