Andersen entered into a franchise agreement with Great Lake Nursery, under which Andersen was to grow and sell nursery stock and Christmas treesGreat Lake was to provide treeschemicals, and other itemsAndersen signed an installment note that read in part"For value received, Robert Andersen promises to pay to Great Lake Nursery Corp. \$6A12^ prime prime * Great 1 Lake indorsed the note and transferred it to First Investment CompanyLater, Andersen stopped making payments because Great Lake filed bankruptcy and failed perform its part of the franchise agreementMay Andersen use failure of consideration as a defense when sued by First Investment Company on the noteWhy or why notSee: First InvCo. Andersen , 621 683 (UT)