{"data":{"id":"us-oh/ohio-rev.-code-1301.204","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1301.204","heading":"Value - UCC 1-204.","body":"Value [UCC 1-204]\nExcept as otherwise provided in Chapters 1303., 1304., and 1305. of the Revised Code, a person gives value for rights if the person acquires them:\n(A) 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(B) As security for, or in total or partial satisfaction of, a preexisting claim;\n(C) By accepting delivery under a preexisting contract for purchase; or\n(D) In return for any consideration sufficient to support a simple contract.","path":["Title 13 Commercial Transactions","Chapter 1301 General Provisions"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1301.204","current_through":"2011-06-29 (House Bill 9 - 129th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"b06f5ae44257c1e535d47fd60e93170d1050376a88c10378ce6ac46153a0c4be","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1301.203","next":"us-oh/ohio-rev.-code-1301.205"},"notice":"GroundRules: Original legal text. Not legal advice."}