State Housecraft, Inc. v. Jones

Code § 28-201 provides as follows: “The following acts by debtors shall be fraudulent in law against creditors and others, and as to them null and void . . . (2). Every conveyance of real or personal estate, by writing or otherwise, and every bond, suit, judgment and execution, or contract of any descirption, had or made with intention to delay or defraud creditors, and such intention known to the party taking. A bona fide transaction on a valuable consideration, and without notice or ground for reasonable suspicion, shall be valid.” An agreement between the vendor and purchaser that the…