Wisconsin § 401.204 Value.

Wisconsin Statutes

§ 401.204 — Value.

Wisconsin § 401.204

Ch. 401Uniform commercial code — general provisions

Subch.subch. II of ch. 401 SUBCHAPTER II

GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION

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Bluebook

Wis. Stat. § 401.204 (2026).

Text

204  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:
204(1) (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.
204(2) (2) As security for, or in total or partial satisfaction of, a preexisting claim.
204(3) (3) By accepting delivery under a preexisting contract for purchase.
204(4) (4) In return for any consideration sufficient to support a simple contract.

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401.204 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:
401.204(1) (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.
401.204(2) (2) As security for, or in total or partial satisfaction of, a preexisting claim.
401.204(3) (3) By accepting delivery under a preexisting contract for purchase.
401.204(4) (4) In return for any consideration sufficient to support a simple contract.