{"data":{"id":"us-va/va.-code-8.1a-204","jurisdiction":"us-va","citation":"Va. Code § 8.1A-204","heading":"Value","body":"Except as otherwise provided in Titles 8.3A, 8.4, 8.5A, and 8.12, a person gives value for rights if the person acquires them:(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;(2) as security for, or in total or partial satisfaction of, a preexisting claim;(3) by accepting delivery under a preexisting contract for purchase; or(4) in return for any consideration sufficient to support a simple contract.1964, c. 219, § 8.1-201 (44); 1973, c. 509; 1984, c. 613; 1991, c. 536; 1992, c. 693; 2000, c. 1007; 2003, c. 353; 2011, c. 369; 2024, c. 652.","path":["Title 8.1A. Uniform Commercial Code — General Provisions","Part 2. General Definitions and Principles of Interpretation"],"source_url":"https://law.lis.virginia.gov/vacode/8.1A-204/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:44Z","sha256":"ed3afab41d2156dc69d5f5eb58f6cf1e0def111dc6c556614e8edb97e60d5544","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.1a-203","next":"us-va/va.-code-8.1a-205"},"notice":"GroundRules: Original legal text. Not legal advice."}