{"data":{"id":"us-ri/r.i.-gen.-laws-6a-1-204","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-1-204","heading":"Value.","body":"Except as otherwise provided in chapters 3, 4, 5, and 12 of this title, 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 6A Uniform Commercial Code","Chapter 1 General Provisions","Part 2 General Definitions and Principles of Interpretation"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-1/6A-2/6A-1-204.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T17:40:59Z","sha256":"d764b7a6ab505a0a04df81a0c600fc388b5cef4e333434d8b92dfa12dbec6bfa","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-1-203","next":"us-ri/r.i.-gen.-laws-6a-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}