(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.
History.—s. 17, ch. 2007-134.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 671 - Uniform Commercial Code: General Provisions
Part II - General Definitions and Principles of Interpretation (Ss. 671.201-671.213)
671.201 - General definitions.
671.202 - Prima facie evidence by third-party documents.
671.203 - Obligation of good faith.
671.204 - Actions taken within reasonable time; seasonably.
671.205 - Course of performance; course of dealing; usage of trade.
671.207 - Performance or acceptance under reservation of rights.
671.208 - Option to accelerate at will.
671.212 - Relation to Electronic Signatures in Global and National Commerce Act.