{"data":{"id":"us-vt/9a-v.s.a.-1-204","jurisdiction":"us-vt","citation":"9A V.S.A. § 1—204","heading":"Value","body":"Except as otherwise provided in Articles 3, 4, 5, 6, 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 9A: Uniform Commercial Code","Article 001: General Provisions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/001","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:52:21Z","sha256":"f9b349f4efeadc9899da27abffbd4db797b26e058e40cf2855c709aafcf030c6","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-1-203","next":"us-vt/9a-v.s.a.-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}