Maine Revised Statutes Title 11 Sec. 1-1204 – Value
Current as of: 2023 | Check for updates
|
Other versions
Except as otherwise provided in Articles 3?A, 4 and 5?A, a person gives value for rights if the person acquires them: [PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
(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;
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
Terms Used In Maine Revised Statutes Title 11 Sec. 1-1204
- Contract: A legal written agreement that becomes binding when signed.
(2). As security for, or in total or partial satisfaction of, a preexisting claim;
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
(3). By accepting delivery under a preexisting contract for purchase; or
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
(4). In return for any consideration sufficient to support a simple contract.
[PL 2009, c. 325, Pt. A, §2 (NEW); PL 2009, c. 325, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 2009, c. 325, Pt. A, §2 (NEW). PL 2009, c. 325, Pt. A, §4 (AFF).