{"data":{"id":"us-nj/n.j.-stat.-12a-1-204","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:1-204","heading":"Value.","body":"Value.\nExcept as otherwise provided in Chapters 3, 4, 5, and 6, a person gives value for rights if the person acquires them:\na.\tIn 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;\nb.\tAs security for, or in total or partial satisfaction of, a preexisting claim;\nc.\tBy accepting delivery under a preexisting contract for purchase; or\nd.\tIn return for any consideration sufficient to support a simple contract.\nL.2013, c.65, s.1.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"c9c60f858141bece4911607cd740b000a68f6437ee9607048b9d1f96baf68ac1","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-1-203","next":"us-nj/n.j.-stat.-12a-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}