{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-1-204","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 1-204","heading":"Value","body":"Section 1–204. Except as otherwise provided in articles 3, 4 and 5, 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":["Part I","Title XV","Chapter 106","Article 1"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section1-204","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:19Z","sha256":"90de8ad4bd188de870ac69ffc8527a9c26cfa1a0c1acb80f6ff0f95ba93cca6f","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-1-203","next":"us-ma/mass.-gen.-laws-ch.-106-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}