Hunt v. McKinney

1. A promissory note given for the right to gell a patented article in specified territory is not, under the provisions of §§ 4293 and 4294 of the Civil Code (1910), void because there is not expressed in the face of the note “the consideration of the same, stating the thing or article for which the same was given.” The purpose of the law contained in these sections of the code was to place a purchaser of a note, expressing on its face such a consideration, in the same position as the payee, with reference to its enforcement. If the consideration is not so expressed, the right to enforce the…