HRS §490:1-204
When a person is considered to have given value
Read the official text at capitol.hawaii.gov ↗This section explains when a person is treated as giving value for rights they get, except in special rules for other articles. It lists four situations, like getting credit or accepting delivery under a contract. This matters for legal rights in transactions.
everyone
The statute, as written — Value
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.