11 M.R.S. §1-1204: Value

Except as otherwise provided in Articles 3‑A, 4, 5‑A 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.