{"data":{"id":"us-ct/conn.-gen.-stat.-42a-1-204","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-1-204","heading":"Value.","body":"Except as otherwise provided in articles 3, 4, 5 and 12, a person gives value for rights if the person acquires them:\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(2) As security for, or in total or partial satisfaction of, a preexisting claim;\n(3) By accepting delivery under a preexisting contract for purchase; or\n(4) In return for any consideration sufficient to support a simple contract.","path":["TITLE 42a. UNIFORM COMMERCIAL CODE","ARTICLE 1. GENERAL PROVISIONS","PART 2. GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION"],"source_url":"https://www.cga.ct.gov/2026/sup/art_001.htm#sec_42a-1-204","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:27Z","sha256":"a11b89c4e68d2a07909e2a0d42b166061b81fa717752b561af3404c55d8d6b4c","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-1-203","next":"us-ct/conn.-gen.-stat.-42a-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}