Idaho State Statutes - Idaho Attorney Directory

Except as otherwise provided in chapters 3, 4, 5 and 6,
title 28, Idaho Code, 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.

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