All contracts for the forfeiture of property subject to a lien, in satisfaction of the obligation secured thereby, and all contracts in restraint of the right of redemption from a lien, are void.
(Enacted 1872.)
Civ. Code § 2889 — under California Civ. Code.
Civ. Code § 2889
All contracts for the forfeiture of property subject to a lien, in satisfaction of the obligation secured thereby, and all contracts in restraint of the right of redemption from a lien, are void.
(Enacted 1872.)