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Florida Statute 671.211 - Full Text and Legal Analysis
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The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 671
UNIFORM COMMERCIAL CODE: GENERAL PROVISIONS
View Entire Chapter
F.S. 671.211
671.211 Value.Except as otherwise provided with respect to negotiable instruments and bank collections as provided in chapter 669 and ss. 673.3031, 674.2101, and 674.2111, 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.
History.s. 17, ch. 2007-134; s. 37, ch. 2025-92.

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