United States Bankruptcy Appellate Panel for the Ninth Circuit September 23, 1992, BAP No. CC-91-1519-JVO, Bankruptcy No. SA 88-00357 JR, Adv. No. SA 90-0051 JR (Rodgers v. Schneider (In Re Laguna Beach Motors, Inc.))

OPINION

JONES, Bankruptcy Judge:

OVERVIEW

The trial court held that the defendant in this preference action gave “new value” by executing a vehicle certificate of title in return for payment for a vehicle that the defendant had given to the debtor to sell and which the debtor had sold to a third party.