Nevada § 104.1204 - Value
Full text of Nevada Nevada Revised Statutes § 104.1204 — Value, with citation guidance and answers to common questions.
§ 104.1204. Value
Except 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.
Frequently Asked Questions About Nevada § 104.1204
What does Nevada Revised Statutes § 104.1204 cover?
Section 104.1204 ("Value") 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 § 104.1204?
A common citation format is "Nevada Revised Statutes § 104.1204" (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 § 104.1204 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.