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.
74 Del. Laws, c. 332, § 1; 84 Del. Laws, c. 174, § 2