§490:1-204  Value.  Except as otherwise
provided in articles 3, 4, and 5, 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. [L 2004, c 162, pt of §1]