{"data":{"id":"us-wv/w.-va.-code-46-1-204","jurisdiction":"us-wv","citation":"W. Va. Code § 46-1-204","heading":"Value.","body":"Except as otherwise provided in articles 3, 4, and 5 of this chapter, 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":["CHAPTER 46. UNIFORM COMMERCIAL CODE.","ARTICLE 1. GENERAL PROVISIONS."],"source_url":"https://code.wvlegislature.gov/46-1-204/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:29:43Z","sha256":"6dcbe4f48a11e39fd3841ffdfa8c001fd3b6931af57f4ec4e5f81a52eece7cb3","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-46-1-203","next":"us-wv/w.-va.-code-46-1-205"},"notice":"GroundRules: Original legal text. Not legal advice."}