North Dakota Century Code Title 41. Uniform Commercial Code § 41-01-12. (1-204) Value

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 pre-existing claim;

3. By accepting delivery under a pre-existing contract for purchase; or

4. In return for any consideration sufficient to support a simple contract.