Cal. Civ. Code § 1678

Current through the 2023 Legislative Session.

Section 1678 - Validity of payment after first payment if more than one payment to constitute liquidated damages

If more than one payment made by the buyer is to constitute liquidated damages under Section 1675, the amount of any payment after the first payment is valid as liquidated damages only if (1) the total of all such payments satisfies the requirements of Section 1675 and (2) a separate liquidated damages provision satisfying the requirements of Section 1677 is separately signed or initialed by each party to the contract for each such subsequent payment.

Ca. Civ. Code § 1678

Added by Stats. 1977, Ch. 198.