If the object of the conditions should be to rescind the obligation to give, after they are performed, the parties in interest shall mutually return all they may have received.
In cases of loss, deterioration or improvement of the thing, the provisions relating to debtors, contained in § 3050 of this title, shall be applied to the person obliged to make restitution.
With regard to the obligations of doing or not doing, the provisions of the second paragraph of § 3048 of this title shall be observed insofar as the effects of the rescission are concerned.
History —Civil Code, 1930, § 1076.