1204 - Value.

     § 1204.  Value.        Except as otherwise provided in Divisions 3 (relating to     negotiable instruments), 4 (relating to bank deposits and     collections) and 5 (relating to letters of credit), 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.