Tennessee § 47-50-104 - Failure of consideration — Defense.
Full text of Tennessee Tennessee Code Annotated § 47-50-104 — Failure of consideration — Defense., with citation guidance and answers to common questions.
§ 47-50-104. Failure of consideration — Defense.
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. Code 1858, § 1806 (deriv. Acts 1849-1850, ch. 20, § 1; 1849-1850, ch. 60, § 1); Shan., § 3215; Code 1932, § 7830; T.C.A. (orig. ed.), §§ 47-1703, 47-15-104. Textbooks. Tennessee Jurisprudence, 7 Tenn. Juris., Contracts, § 88; 13 Tenn. Juris., Fraud and Deceit, § 23. Law Reviews. Contracts — Promise Reasonably Inducing Definite and Substantial Action is Binding, 10 Tenn. L. Rev. 132. Cited: Pinney v. Tarpley, 686 S.W.2d 574, 1984 Tenn. App. LEXIS 3353 (Tenn. Ct. App. 1984); Holt v. Wilmoth, 336 S.W.3d 234, 2010 Tenn. App. LEXIS 302 (Tenn. Ct. App. Apr. 30, 2010).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-50-104
What does Tennessee Code Annotated § 47-50-104 cover?
Section 47-50-104 ("Failure of consideration — Defense.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-50-104?
A common citation format is "Tennessee Code Annotated § 47-50-104" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-50-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.