16-107. Consideration, what imports.

16-107

Chapter 16.--CONTRACTS AND PROMISES Article 1.--GENERAL PROVISIONS

      16-107.   Consideration, what imports. All contracts in writing, signed by the party bound thereby, or his authorized agent or attorney, shall import a consideration.

      History:   G.S. 1868, ch. 21, § 7; Oct. 31; R.S. 1923, 16-107.