{"data":{"id":"us-tn/tenn.-code-ann.-47-1-204","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-1-204","heading":"Value","body":"Except as otherwise provided in chapters 3, 4, and 5 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":["TN Code","Title 47","Chapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"4f0b24db42903446c2c1204a0c66c8fcc260ae96147328a5ee3add51e24e2c36","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-1-203","next":"us-tn/tenn.-code-ann.-47-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}