SECTIONS 1530-1533 - California Statutes

CIVIL CODE

SECTION 1530-1533

1530. Novation is the substitution of a new obligation for an
existing one.

1531. Novation is made:
1. By the substitution of a new obligation between the same
parties, with intent to extinguish the old obligation;
2. By the substitution of a new debtor in place of the old one,
with intent to release the latter; or,
3. By the substitution of a new creditor in place of the old one,
with intent to transfer the rights of the latter to the former.

1532. Novation is made by contract, and is subject to all the rules
concerning contracts in general.