{"data":{"id":"us-mt/30-1-212","jurisdiction":"us-mt","citation":"30-1-212","heading":"Value.","body":"Except as otherwise provided in chapters 3 through 5 and 12A, 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 30. TRADE AND COMMERCE","CHAPTER 1. UNIFORM COMMERCIAL CODE GENERAL PROVISIONS","Part 2. General Definitions and Principles of Interpretation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0010/part_0020/section_0120/0300-0010-0020-0120.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:50:48Z","sha256":"c9b18d8f855f0adb4437c35d9976b66fa46412e10bc6423fc41ab84f3810fbab","source_id":"us-mt","stale":false,"prev":"us-mt/30-1-211","next":"us-mt/30-1-301"},"notice":"GroundRules: Original legal text. Not legal advice."}