GUITTARD, Chief Justice.
Kirkpatrick & O'Donnell Construction Equipment Company recovered a judgment by default against Salt Water Resources, Inc. in a suit on a promissory note. Defendant Salt Water filed a motion for new trial alleging "the meritorious defense of failure of consideration." Attached to the motion is an affidavit of defendant's president stating: "Further, no consideration was received, in whole or in part by Salt Water Resources, Inc." This statement...
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