104.1204 - Value. - Nevada Statutes

104.1204  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.

      (Added to NRS by 2005, 830)