IC 26-2
    ARTICLE 2. COMMERCIAL TRANSACTIONS

IC 26-2-1
    Chapter 1. Liability of Buyer for Goods Bought From UnlicensedSeller

IC 26-2-1-1
Liability of unlicensed buyer for goods purchased to conductbusiness requiring license
    Sec. 1. Whenever any person or persons shall purchase any goods,wares, or merchandise for the purpose of using or selling the same inany business for the carrying on of which any statute of this staterequires the person or persons so carrying on such business toprocure a license, such person or persons at the time of purchasingsuch goods, wares, or merchandise not having procured such license,such person or persons shall nevertheless be liable to the sellerthereof for the reasonable value or contract price of such goods,wares, or merchandise, and in any action brought by such seller torecover the value or contract price of the goods, wares, ormerchandise so purchased, it shall not be a valid defense to suchaction that the purchaser or purchasers or either of them were not, atthe time of such purchase, licensed as required by law to retail thesame or to carry on the business for which they were purchased;provided, however, that the provisions of this section shall in no wiseaffect or lessen the criminal liability of such person or persons doingsuch business without having a license so to do.
(Formerly: Acts 1899, c.159, s.1.) As amended by P.L.152-1986,SEC.300.