Nevada § 104.3303 - Value and consideration
Full text of Nevada Nevada Revised Statutes § 104.3303 — Value and consideration, with citation guidance and answers to common questions.
§ 104.3303. Value and consideration
1. An instrument is issued or transferred for value if: (a) The instrument is issued or transferred for a promise of performance, to the extent
the promise has been performed; (b) The transferee acquires a security interest or other lien in the instrument other
than a lien obtained by judicial proceeding; (c) The instrument is issued or transferred as payment of, or as security for, an
antecedent claim against any person, whether or not the claim is due; (d) The instrument is issued or transferred in exchange for a negotiable instrument;
or (e) The instrument is issued or transferred in exchange for the incurring of an irrevocable
obligation to a third party by the person taking the instrument. 2. “Consideration” means any consideration sufficient to support a simple contract.
The drawer or maker of an instrument has a defense if the instrument is issued without
consideration. If an instrument is issued for a promise of performance, the issuer has a defense
to the extent performance of the promise is due and the promise has not been performed.
If an instrument is issued for value as stated in subsection 1, the instrument is
also issued for consideration.
Frequently Asked Questions About Nevada § 104.3303
What does Nevada Revised Statutes § 104.3303 cover?
Section 104.3303 ("Value and consideration") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.3303?
A common citation format is "Nevada Revised Statutes § 104.3303" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.3303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.