{"data":{"id":"us-fl/fla.-stat.-671.211","jurisdiction":"us-fl","citation":"Fla. Stat. § 671.211","heading":"Value.","body":"Except as otherwise provided with respect to negotiable instruments and bank collections as provided in chapter 669 and ss. 673.3031, 674.2101, and 674.2111, 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 chargeback 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.\nHistory.—s. 17, ch. 2007-134; s. 37, ch. 2025-92.","path":["CHAPTER 671 UNIFORM COMMERCIAL CODE: GENERAL PROVISIONS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0671/0671.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:43Z","sha256":"aa3d1b79e012deb3c9490663e28826156e87a878e84e9fcddd8ba31973f6ab2d","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-671.21","next":"us-fl/fla.-stat.-671.212"},"notice":"GroundRules: Original legal text. Not legal advice."}