Hardesty v. Smith
Citation
3 Ind. 39 (1851)
Facts
Stub — to be completed.
Issue
Stub — to be completed.
Holding
Stub — to be completed.
Rule
A promise to pay for an invention already made and delivered is unenforceable for lack of consideration; past consideration is not good consideration because it was not given in exchange for the promise.
Significance
Classic illustration of the past consideration rule; reinforces that consideration must be bargained for and given in exchange for the promise — acts already completed before the promise cannot supply consideration.