Montana § 30-1-212 Value

Montana Statutes

§ 30-1-212 — Value

Montana·Title 30 TRADE AND COMMERCE·Ch. 1 UNIFORM COMMERCIAL CODE GENERAL PROVISIONS·Part 2 General Definitions and Principles of Interpretation

30-1-212 . Value. Except as otherwise provided in chapters 3 through 5 and 12A, 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.

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30-1-212 . Value. Except as otherwise provided in chapters 3 through 5 and 12A, 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.

Montana § 30-1-212 (Value) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.