California § 3439.03 - Value is given for a transfer or an obligation if, in exchange for the transfer o
Full text of California Public Contract Code - PCC § 3439.03 — Value is given for a transfer or an obligation if, in exchange for the transfer o, with citation guidance and answers to common questions.
§ 3439.03. Value is given for a transfer or an obligation if, in exchange for the transfer o
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 promisorâs business to furnish support to the debtor or another person.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 3439.03
What does Public Contract Code - PCC § 3439.03 cover?
Section 3439.03 ("Value is given for a transfer or an obligation if, in exchange for the transfer o") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 3439.03?
A common citation format is "Public Contract Code - PCC § 3439.03" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 3439.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.