New Jersey § 12A:1-204 Value.

New Jersey Statutes

§ 12A:1-204 — Value.

New Jersey § 12A:1-204

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:1-204 (Value.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:1-204 (2026).

Text

12A:1-204. Value. Except as otherwise provided in Chapters 3, 4, 5, and 6, a person gives value for rights if the person acquires them: a. 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; b. As security for, or in total or partial satisfaction of, a preexisting claim; c. By accepting delivery under a preexisting contract for purchase; or d. In return for any consideration sufficient to support a simple contract. L.2013, c.65, s.1.

Free access — add to your briefcase to read the full text and ask questions with AI

12A:1-204. Value. Except as otherwise provided in Chapters 3, 4, 5, and 6, a person gives value for rights if the person acquires them: a. 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; b. As security for, or in total or partial satisfaction of, a preexisting claim; c. By accepting delivery under a preexisting contract for purchase; or d. In return for any consideration sufficient to support a simple contract. L.2013, c.65, s.1.