Value.

Miss. Code Ann. § 75-1-204
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except as otherwise provided in Articles 3, 4, and 5, a person gives value for rights if the person acquires them: 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; As security for, or in total or partial satisfaction of, a preexisting claim; By accepting delivery under a preexisting contract for purchase; or In return for any consideration sufficient to support a simple contract.
Miss. Code Ann. § 75-1-204 — Value | Mississippi Code Annotated | Corpus