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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

6 Del. C. § 1-204: Value.

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Where this section sits in the code
  1. Title 6. Commerce and Trade
  2. SUBTITLE I
  3. Uniform Commercial Code
  4. ARTICLE 1. General Provisions
  5. Part 2
  6. General Definitions and Principles of Interpretation

Except as otherwise provided in Articles 3, 4, 5, and 12, a person gives value for rights if the person acquires them:

(1) In return for a binding commitment to extend credit or for the extension of immediately available credit, whether or not drawn upon and whether or not a charge-back is provided for in the event of difficulties in collection;

(2) As security for, or in total or partial satisfaction of, a preexisting claim;

(3) By accepting delivery under a preexisting contract for purchase; or

(4) In return for any consideration sufficient to support a simple contract.

Collected 2026-09-05T23:02:05Z. Source file · JSON

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