Cal. CIV § 1804.2
This is the official text of Cal. CIV § 1804.2, part of California’s Civil Code — covers contracts, property ownership, personal rights, and other general civil obligations between private parties.
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Official statutory text
(a) An assignee of the seller’s rights is subject to all equities and defenses of the buyer against the seller arising out of the sale, notwithstanding an agreement to the contrary, but the assignee’s liability may not exceed the amount of the debt owing to the assignee at the time of the assignment.
(b) The assignee shall have recourse against the seller to the extent of any liability incurred by the assignee pursuant to this section regardless of whether the assignment was with or without recourse.
(b) The assignee shall have recourse against the seller to the extent of any liability incurred by the assignee pursuant to this section regardless of whether the assignment was with or without recourse.
Status: in_force · Read it on the official government site
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