{"data":{"id":"us-ga/o.c.g.a.-11-1-204","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-1-204","heading":"Value.","body":"Except as otherwise provided in Articles 3, 4, 5, and 6 of this title, 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 11 Commercial Code","Article 1 General Provisions","PART 2 General Definitions and Principles of Interpretation"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"1b96a23e10c586416b7194f1711be2e97a658f4f22c828b64e75b04f807b519f","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-1-203","next":"us-ga/o.c.g.a.-11-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}