969. Dispositions not intended to confer gratuitous benefit.

A disposition1 is not a transfer of value if it is shown that it was not intended, and was not made in a transaction2 intended, to confer any gratuitous benefit on any person3; and either:


    (1)     that it was made in a transaction at arm's length4 between persons not connected5 with each other6; or


    (2)     that it was such as might be expected in such a transaction