Preferred Funding, Inc. v. Jackson

In this dispute, plaintiff is a commercial lender seeking to foreclose on assets in the possession of defendants, who received the assets from a third party in an allegedly fraudulent transfer. Plaintiff prevailed on all three of its claims, two under the Uniform Fraudulent Transfer Act (UFTA) and one under the Uniform Commercial Code (UCC). We review legal issues for errors of law and factual determinations de novo. Morris v. Nance, 132 Or App 216, 218, 888 P2d 571 (1994), rev den, 321 Or 340 (1995). We reverse.

Except as noted, the following facts are not in dispute. Some time in 1996, Wayne…