§ 9-108. Value.
This section is included in your selections.
Except as otherwise provided under applicable laws dealing with negotiable instruments, bank deposits, letters of credit and bulk transfers and sales, 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. ONCA 07-22, eff. June 18, 2007.