Sections
6 entriesSection 3429Defines debtor, for purposes of the title, as a person who, because of an existing obligation, is or may become liable to…Section 3430Defines creditor, for purposes of the title, as a person in whose favor an obligation exists that makes the person entitled, or…Section 3431Establishes that, absent fraud, every contract made by a debtor is valid against existing and later creditors who have not acquired a…Section 3432Allows a debtor to prefer one creditor over another either by paying the preferred creditor or by giving that creditor security for…Section 3433Allows a person with an interest in, or creditor claim against, only some of several funds available to another creditor to require…Section 3434Exempts a money lender from third-party liability for defects in property financed by loan proceeds or for the borrower’s failure to use…