{"data":{"id":"us-nv/nrs-104.1204","jurisdiction":"us-nv","citation":"NRS 104.1204","heading":"Value.","body":"Except as otherwise provided in Articles 3, 4, 5 and 12, a person gives value for rights if the person acquires them:\n1. 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;\n2. As security for, or in total or partial satisfaction of, a preexisting claim;\n3. By accepting delivery under a preexisting contract for purchase; or\n4. In return for any consideration sufficient to support a simple contract.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","GENERAL PROVISIONS","General Definitions and Principles of Interpretation"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec1204","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"4fa3c9a9e2a8f86116727afbc6487783f457593e5f009e868b10aa38ebd1764e","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.1203","next":"us-nv/nrs-104.1205"},"notice":"GroundRules: Original legal text. Not legal advice."}