Indiana Code 26-2-3-11. Necessity of consideration
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Terms Used In Indiana Code 26-2-3-11
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Sec. 11. No holder of a bill of exchange shall recover damages thereon, if he has not given for the same, or for some interest therein, a valuable consideration.
Formerly: Acts 1861, c.75, s.11.