# D.C. Code § 28:1-204: Value

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-204

## Section

- **Citation:** D.C. Code § 28:1-204
- **Heading:** Value
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 28 / Chapter  / § 28:1-204

## Text

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.

## Nearby sections

- [D.C. Code § 28:1-101 § 28:1-101. Short titles.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-101.md)
- [D.C. Code § 28:1-103 § 28:1-103. Construction of subtitle to promote its purposes and policies; applicability of supplemental principles of law.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-103.md)
- [D.C. Code § 28:1-107 § 28:1-107. Section captions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-107.md)
- [D.C. Code § 28:1-201 § 28:1-201. General definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-201.md)
- [D.C. Code § 28:1-202 § 28:1-202. Notice; knowledge.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-202.md)
- [D.C. Code § 28:1-203 § 28:1-203. Lease distinguished from security interest.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-203.md)
- [D.C. Code § 28:1-204 § 28:1-204. Value.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-204.md)
- [D.C. Code § 28:1-205 § 28:1-205. Reasonable time; seasonableness.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-205.md)
- [D.C. Code § 28:1-206 § 28:1-206. Presumptions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-206.md)
- [D.C. Code § 28:1-301 § 28:1-301. Territorial applicability; parties’ power to choose applicable law.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-301.md)
- [D.C. Code § 28:1-303 § 28:1-303. Course of performance, course of dealing, and usage of trade.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-303.md)
- [D.C. Code § 28:1-304 § 28:1-304. Obligation of good faith.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-304.md)
- [D.C. Code § 28:1-306 § 28:1-306. Waiver or renunciation of claim or right after breach.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-306.md)
- [D.C. Code § 28:1-307 § 28:1-307. Prima facie evidence by third-party documents.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-307.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T28_C_S28%3A1-204. Check the current official text before relying on it. Not legal advice.