§ 26-2-1-1 — Liability of unlicensed buyer for goods purchased to conduct business requiring license

Indiana § 26-2-1-1

• Jurisdiction: Indiana
• Title 26: COMMERCIAL LAW
• Art. 2: COMMERCIAL TRANSACTIONS
• Ch. 1: Liability of Buyer for Goods Bought From Unlicensed

Text

Whenever any person or persons shall purchase
any goods, wares, or merchandise for the purpose of using or selling
the same in any business for the carrying on of which any statute of this
state requires the person or persons so carrying on such business to
procure a license, such person or persons at the time of purchasing such
goods, wares, or merchandise not having procured such license, such
person or persons shall nevertheless be liable to the seller thereof for
the reasonable value or contract price of such goods, wares, or
merchandise, and in any action brought by such seller to recover the
value or contract price of the goods, wares, or merchandise so
purchased, it shall not be a valid defense to such action that the
purchaser or purchasers or either of them were not, at the time of such
purchase, licensed as required by law to retail the same or to carry on
the business for which they were purchased; provided, however, that
the provisions of this section shall in no wise affect or lessen the
criminal liability of such person or persons doing such business without
having a license so to do.
Formerly: Acts 1899, c.159, s.1. As amended by P.L.152-1986,
SEC.300.