Cal. Civil Code § 3439.03 : Void And Voidable Transfers And Undertakings — California Civil Code — General Provisions — Uniform Voidable Transactions Act — Value given for transfer or obligation

Current through the 2016 Legislative Session

Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor's business to furnish support to the debtor or another person.