debtor and creditor relation
- debtor and creditor relation
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The relationship which exists between two persons when one of them, the debtor, owes money to the other, the creditor. Kansas City, St. L. & C. R. Co. v Alton R. Co. (CA7 Ill) 124 F2d 780. The relationship of debtor and creditor arises in tort cases the moment the cause of action accrued, within the meaning of a statute relating to conveyances fraudulent as to "creditors," so as to entitle one securing a judgment against the grantor to have set aside a fraudulent conveyance executed pending the action. Hansen v Cramer, 39 Cal 2d 321, 245 P2d 1059, 30 ALR2d 1204.
Ballentine's law dictionary.
Anderson, W.S..
1998.
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