HRS §490:1-204
When a person is considered to have given value
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
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.