California Civil Code 1458 – A right arising out of an obligation is the property of the person to …
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A right arising out of an obligation is the property of the person to whom it is due, and may be transferred as such.
(Enacted 1872.)
Terms Used In California Civil Code 1458
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- property: includes property real and personal. See California Civil Code 14