{"data":{"id":"us-de/6-del.-c.-1-204","jurisdiction":"us-de","citation":"6 Del. C. § 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 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 1. General Provisions","Part 2","General Definitions and Principles of Interpretation"],"source_url":"https://delcode.delaware.gov/title6/c001/sc02/index.html#1-204","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:05Z","sha256":"49389d6d6882379113335ca13e555e950b73c7afef733b1d6a6d4062a6b1a8cb","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-1-203","next":"us-de/6-del.-c.-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}