Value.
Del. Code tit. 6, § 1-204
in effectExcept as otherwise provided in Articles 3, 4, 5, and 12, 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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c001/sc02/index.htmlFetched: 10/4/2026