{"data":{"id":"us-id/idaho-code-28-1-204","jurisdiction":"us-id","citation":"Idaho Code § 28-1-204","heading":"Value.","body":"Except as otherwise provided in chapters 3, 4, 5 and 6, title 28, Idaho Code, 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 28 COMMERCIAL TRANSACTIONS","CHAPTER 1 UNIFORM COMMERCIAL CODE — GENERAL PROVISIONS","PART 2. GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title28/t28ch1/sect28-1-204/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:18:11Z","sha256":"6e8358dd4ee44925d6397fe8cf690dbb93bbdb9ae08026ee5f516663ca0298a4","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-28-1-203","next":"us-id/idaho-code-28-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}