In an action on any assignment of a writing, the consideration for the assignment shall be averred. The plaintiff shall recover no more than the consideration actually paid by him for the note or assignment.
KRS 371.050
Assignee to aver consideration -- Amount recoverable
Known as the Kentucky Fairness in Construction Act
The act spans §§ 371–371 (45 sections).
Applied in 1 court decision — leading case Rose v. Callahan (1952)
Most recently applied in Rose v. Callahan (February 1952)
Effective: October 1, 1942 History: Recodified 1942 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.