{"data":{"id":"us-sc/s.c.-code-ann.-36-1-204","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-1-204","heading":"Value.","body":"Except as otherwise provided in Chapters 3, 4, 4A, 5, and 6 of this title, 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; or\n(b) as security for, or in total or partial satisfaction of, a preexisting claim; or\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 36 - COMMERCIAL CODE","CHAPTER 1 Commercial Code—General Provisions","Part 2 General Definitions and Principles of Interpretation"],"source_url":"https://www.scstatehouse.gov/code/t36c001.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:07:59Z","sha256":"53e05e5b0c8f25bdd07977b606a1c7569df473e0ada7bdd0bc6fb521f9fab90b","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-1-203","next":"us-sc/s.c.-code-ann.-36-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}