Odell v. Smith

We must dispose of this case upon the stipulated fact that the only consideration for the note was “love and affection.” The appellant contends that the statutory presumption, provided for in sec. 116.29, Stats., that the note was issued for a valuable consideration, is not affected by the stipulation. She also contends that there was a moral consideration. The statutory presumption that the note was issued for a valuable consideration is eliminated from the case by the stipulated fact that the only consideration was “love and affection.” Sec. 116.30, Stats., provides:

“Value is any…