Dec16

Receipt Agreement

A receipt is a written confirmation that the party giving the same thing has received the money or any other item listed in it. Read 2 min A receipt sometimes contains confirmation of having received something, as well as an agreement to make another. It is only prima facie evidence to the extent that the receipt goes, but it cannot rebut by Parol evidence in any party by which the party is obligated to honour a contract. A bill of lading, for example, participates in these two characters; it may be refuted or explained with respect to the facts set out in the recital, since the goods were in good order and well conditioned; Moreover, it can only be contradicted by a common written treaty. In Pennsylvania, it was claimed that a receipt, not locked, on one of several common debtors for its share of the debt relieves the rest. But in New York, a rule to the contrary was adopted. If a man, by his receipt, acknowledges that he received money from an agent because of his sponsor, and the agent accredits the client to that amount, it appears that the receipt is conclusive with respect to the agent`s payment. For example, the usual recognition in an insurance policy of receiving the premium from the insured is conclusive for the fact between the insurer and the insured; although such a receipt is not between the insurer and the broker. And if an agent authorized to sell, sell and place land enters into contractual assets that stipulate that the Vendee clarifies, makes improvements, pays the purchase money in increments, etc., and, once the obligations he must fulfill, obtain from the seller or his legal representatives an adequate and sufficient guarantee for the premises. the receipt of the agent is binding on the client for the parts of the purchase money that can be paid before the execution of the facts. A receipt on the back of a change is prima facie proof for payment by the acceptant. The delivery of a receipt does not exclude proof of payment. Although it is expressed as full of all the requirements, it is only clear evidence of what it claims to be and, if satisfactory evidence is provided that it was obtained by fraud or by error of fact or ignorance of the law, it can be examined and rectified both in court and in court.

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