Tennessee Code 47-50-104 – Failure of consideration – Defense
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Terms Used In Tennessee Code 47-50-104
- Contract: A legal written agreement that becomes binding when signed.
- written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105
The want or failure, in whole or in part, of the consideration of a written contract, may be shown as a defense, total or partial, as the case may be, in an action on such contract, brought by anyone who is not an innocent and bona fide holder.