Tennessee Code Annotated
Tenn. Code Ann. § 47-1-204 (2024)
Value
✓ Justia copy: laws through about 2024 (2025 and 2026 sessions missing)
Except as otherwise provided in chapters 3, 4, and 5 of this title, 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.
Acts 2008, ch. 930, § 1.
Notes of Decisions
Cited in 7
cases (1 in the last 5 years), 1972–2022 · leading case: Ford Motor Co. v. Moulton, 511 S.W.2d 690 (Tenn. 1974).
Ford Motor Co. v. Moulton, 511 S.W.2d 690 (Tenn. 1974). “' T.C.A. 47-1-204(1) provides that whenever any provision in the Sales Act requires an action to be taken within a reasonable time `any time which is not manifestly unreasonable may be fixed by agreement.”
McCullough v. Gen. Motors Corp., 577 F. Supp. 41 (W.D. Tenn. 1982). “” Comment 1 to T.C.A. § 47-1-204 states: Subsection (1) recognizes that nothing is stronger evidence of a reasonable time than the fixing of such time by a fair agreement between the parties.”
Baptist Mem'l Hosp. v. Argo Constr. Corp., 308 S.W.3d 337 (Tenn. Ct. App. 2009). “Relying in part on these cases, the district court in McCullough determined that there was a genuine issue of material fact concerning whether the limited warranty, as applied to the collapsible steering column, was “manifestly unreasonable” under Tennessee Code Annotated §…”
Moore v. Howard Pontiac-Am., Inc., 492 S.W.2d 227 (Tenn. Ct. App. 1972). “As to the latter insistence of appellant, the determination of “a reasonable time” within which the buyer of an automobile may revoke his acceptance depends on the facts and circumstances of a particular case.”
Hardimon v. Cullum & Maxey Camping Centers, Inc., 591 S.W.2d 771 (Tenn. Ct. App. 1979). “T.C.A. 47-1-204(2). Under the contract of purchase in this case, appellees were obligated to notify the appellant of defects in the automobile and to give appellant a reasonable opportunity to remedy the defects before ap-pellees were entitled to other relief.”
Skinner v. Cumberland Auto Ctr. (In Re Skinner), 238 B.R. 120 (Bankr. M.D. Tenn. 1999). “Code Ann. § 47-2-309(1), (3). The length of a reasonable time depends on the circumstances of the particular case.”
Venture Express, Inc. v. Vanguard Nat'l Trailer Corp., 585 F. Supp. 3d 1060 (M.D. Tenn. 2022). “The court ultimately denied the manufacturer’s motion for summary judgment, based on its conclusion that there was a genuine issue of material fact concerning whether the limited warranty, as applied to the collapsible steering column, was “manifestly unreasonable” under Tenn.…”
Tenn. Code Ann. § 47-1-204(1): 2 cases
Ford Motor Co. v. Moulton, 511 S.W.2d 690 (Tenn. 1974). “' T.C.A. 47-1-204(1) provides that whenever any provision in the Sales Act requires an action to be taken within a reasonable time `any time which is not manifestly unreasonable may be fixed by agreement.”
McCullough v. Gen. Motors Corp., 577 F. Supp. 41 (W.D. Tenn. 1982). “” Comment 1 to T.C.A. § 47-1-204 states: Subsection (1) recognizes that nothing is stronger evidence of a reasonable time than the fixing of such time by a fair agreement between the parties.”
Tenn. Code Ann. § 47-1-204(2): 3 cases
Moore v. Howard Pontiac-Am., Inc., 492 S.W.2d 227 (Tenn. Ct. App. 1972). “As to the latter insistence of appellant, the determination of “a reasonable time” within which the buyer of an automobile may revoke his acceptance depends on the facts and circumstances of a particular case.”
Hardimon v. Cullum & Maxey Camping Centers, Inc., 591 S.W.2d 771 (Tenn. Ct. App. 1979). “T.C.A. 47-1-204(2). Under the contract of purchase in this case, appellees were obligated to notify the appellant of defects in the automobile and to give appellant a reasonable opportunity to remedy the defects before ap-pellees were entitled to other relief.”
Skinner v. Cumberland Auto Ctr. (In Re Skinner), 238 B.R. 120 (Bankr. M.D. Tenn. 1999). “Code Ann. § 47-2-309(1), (3). The length of a reasonable time depends on the circumstances of the particular case.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.