{"data":{"id":"us-wi/wis.-stat.-401.204","jurisdiction":"us-wi","citation":"Wis. Stat. § 401.204","heading":"Value.","body":"Except as otherwise provided in chs. 403, 404, and 405, a person gives value for rights if the person acquires them under any of the following circumstances:\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.\n(4) In return for any consideration sufficient to support a simple contract.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 401 Uniform Commercial Code — General Provisions","SUBCHAPTER II GENERAL DEFINITIONS ANDPRINCIPLES OF INTERPRETATION"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/401.204","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:21Z","sha256":"b44059ea7101a84911ee86000902e89ec0c6f3e825557638393efb095e6e181b","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-401.203","next":"us-wi/wis.-stat.-401.205"},"notice":"GroundRules: Original legal text. Not legal advice."}