The bond required by Section 1812.103 shall be in favor of the State of California for the benefit of any person who is damaged by any violation of this title or by fraud or dishonesty or failure to provide the services of the discount buying organization in performance of the contract. The surety shall be liable only for the actual damages plus restitution and not the treble damages permitted under subdivision (a) of Section 1812.123.
Cal. Civ. Code § 1812.104
CONTRACTS FOR DISCOUNT BUYING SERVICES
Applied in 2 court decisions — leading case 157 Cal. App. 4th 1195 - Schweitzer v. Westminster Investment Inc. (2007)
Most recently applied in 157 Cal. App. 4th 1195 - Schweitzer v. Westminster Investment Inc. (December 2007)
Amended by Stats. 1982, Ch. 517, Sec. 62.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.