§ 458
48 words·~1 min read·
/ca/harbors-and-navigation-code/458A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If there is a total loss of the thing hypothecated, from a risk to which the loan was subject, the lender upon bottomry can recover nothing; if a partial loss, he can recover only to the extent of the net value to the owner of the part saved.