Value. — Florida Code § 671.211
Florida Code § 671.211 — Value.. Reproduced from the official Florida Statutes, with a citation summary, verification link, and related provisions.
§ 671.211. Value.
Except as otherwise provided with respect to negotiable instruments and bank collections as provided in chapter 669 and ss. 673.3031, 674.2101, and 674.2111, 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 chargeback 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.
Source: official Florida text · Last verified 2026-08-27
At a glance
- Citation: Florida Statutes § 671.211
- Jurisdiction: Florida
- Code: Florida Statutes
- Subject: Value.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Florida Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Florida attorney.
Common questions
What is the source of Florida Statutes § 671.211?
The text above is transcribed from the Florida Statutes, the codified statutes of Florida. The official publisher link appears under "Verify the text" on this page.
What subject does Florida Statutes § 671.211 address?
It addresses "Value.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Florida Statutes § 671.211 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Florida source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Florida law to your facts requires a licensed Florida attorney who can review the specifics.