Hardesty v. Smith

3 Ind. 39 (1851)

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Hardesty v. Smith

Indiana Supreme Court
3 Ind. 39 (1851)

SR
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Facts

Smith (defendant) purchased the rights to an invention by signing promissory notes. The promissory notes were later assigned to Hardesty (plaintiff). Hardesty sought to collect on the promissory notes and brought suit alleging breach of contract. As an affirmative defense, Smith argued that there was no consideration for the promissory notes because the invention was allegedly worthless. Hardesty demurred generally. The trial court overruled the demurrer and ruled in Smith’s favor.

Rule of Law

Issue

Holding and Reasoning (Perkins, J.)

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