Nevada Revised Statutes 104.1204 – Value
Current as of: 2023 | Check for updates
|
Other versions
Except as otherwise provided in Articles 3, 4, 5 and 12, a person gives value for rights if the person acquires them:
Terms Used In Nevada Revised Statutes 104.1204
- Contract: A legal written agreement that becomes binding when signed.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
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.