{"data":{"id":"us-co/c.r.s.-4-1-204","jurisdiction":"us-co","citation":"C.R.S. § 4-1-204","heading":"Value.","body":"Except as otherwise provided in articles 3, 4, 5, 6, and 12 of this title 4, a person gives value for rights if the person acquires them:\n\n(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;\n\n(2) As security for, or in total or partial satisfaction of, a preexisting claim;\n\n(3) By accepting delivery under a preexisting contract for purchase; or\n\n(4) In return for any consideration sufficient to support a simple contract.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 1 - General Provisions","Part 2 - GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"faa0a9ffcf15926a95daac035b3b536daa258596ed514d8c868c339514af6082","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-1-203","next":"us-co/c.r.s.-4-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}