If the consideration for a promise, apparently good or valuable, fails either wholly or in part before the promise is executed, the failure of consideration may be pleaded in defense to the promise as provided for in subsection (c) of Code Section 9-11-8. If the failure of consideration is partial, an apportionment shall be made according to the facts of each case.
History. Orig. Code 1863, § 2712; Code 1868, § 2706; Code 1873, § 2748; Code 1882, § 2748; Civil Code 1895, § 3665; Civil Code 1910, § 4250; Code 1933, § 20-310.
Law reviews.
For comment on Miami Butterine Co. v. Franki, 190 Ga. 88 , 8 S.E.2d 398 (1940), see 3 Ga. B.J. 51 (1941).
For article discussing failure of consideration, see 4 Mercer L. Rev. 327 (1953).
Structure Georgia Code
Article 1 - General Provisions
§ 13-5-1. Pleading of Facts Indicating Contract Not Obligatory Generally
§ 13-5-2. Incapacity Generally
§ 13-5-3. Exemption From Contractual Liability of Minor
§ 13-5-4. Mistake of Fact or Law
§ 13-5-7. Rescission or Release
§ 13-5-8. Noncompliance With Condition, Failure of Consideration, or Other Act as Defense
§ 13-5-9. Total or Partial Failure of Consideration Generally