California Civil Code 1917.001 – The relationship of the borrower and the lender in a shared …
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The relationship of the borrower and the lender in a shared appreciation loan transaction is that of debtor and creditor and shall not be, or be construed to be, a joint venture, equity venture, partnership, or other relationship.
(Added by Stats. 1987, Ch. 652, Sec. 1.)
Terms Used In California Civil Code 1917.001
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.