California · Civil Code
CIV §1503: The person offering a thing, other than money, by way of performance, must, if he means to treat it as belonging to the creditor, retain it as a depositary for hire, until the creditor accepts it, or
What this law says, in plain English
A person offering non-monetary performance must hold it as a paid depositary until the creditor accepts it or the offer expires.
Read the full statutory text
The person offering a thing, other than money, by way of performance, must, if he means to treat it as belonging to the creditor, retain it as a depositary for hire, until the creditor accepts it, or until he has given reasonable notice to the creditor that he will retain it no longer, and, if with reasonable diligence he can find a suitable depositary therefor, until he has deposited it with such person.
Verify at the official source: California legislative text
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