Wyoming § 34.1-1-204 Value

Wyoming Statutes

§ 34.1-1-204 — Value

Wyoming·Title 34.1 Uniform Commercial Code

(a)Except as otherwise provided in articles 3, 4 and 5 of this title, a person gives value for rights if the person acquires them:

(i)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;

(ii)As security for, or in total or partial satisfaction of, a preexisting claim;

(iii)By accepting delivery under a preexisting contract for purchase; or

(iv)In return for any consideration sufficient to support a simple contract.

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(a) Except as otherwise provided in articles 3, 4 and 5 of
this title, a person gives value for rights if the person
acquires them:
(i) 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;
(ii) As security for, or in total or partial
satisfaction of, a preexisting claim;
(iii) By accepting delivery under a preexisting
contract for purchase; or
(iv) In return for any consideration sufficient to
support a simple contract.

Wyoming § 34.1-1-204 (Value) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.