California Civil Code 3275 – Whenever, by the terms of an obligation, a party thereto incurs a …
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Whenever, by the terms of an obligation, a party thereto incurs a forfeiture, or a loss in the nature of a forfeiture, by reason of his failure to comply with its provisions, he may be relieved therefrom, upon making full compensation to the other party, except in case of a grossly negligent, willful, or fraudulent breach of duty.
(Enacted 1872.)
Terms Used In California Civil Code 3275
- 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.