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RECEIPT (M.E. receite, derived throug...

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Originally appearing in Volume V22, Page 951 of the 1911 Encyclopedia Britannica.
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RECEIPT (M.E. receite, derived through Fr. from See also:Lat. recepta, participle of recipere, to receive) , in See also:law, an See also:acknowledgment in See also:writing that a sum of See also:money or other valuable considered has been received by the See also:person See also:signing the acknowledgment in See also:discharge of a See also:debt or other See also:obligation. Such a receipt is prima facie See also:evidence only of See also:payment, and it may be shown, for example, that it was signed by See also:mistake, or obtained by See also:fraud or misrepresentation. By the See also:Stamp See also:Act of 1891, which repealed and re-enacted other acts, a See also:duty of Id. is imposed on every receipt or See also:form of writing discharging a debt of £2 or upwards; the payment of the duty is denoted by affixing a See also:penny stamp to the document, and the cancelling of the same by the person giving the receipt. By § 103 if a person gives a receipt, liable to duty, not duly stamped, or refuses to give a receipt, liable to duty, duly stamped or, on payment to the amount of £2 or upward, gives a receipt for a less sum than £2 or divides the amount paid with See also:intent to evade the duty, he is liable to a See also:fine of £1o. A receipt not duly stamped may be stamped at the Inland See also:Revenue See also:Office within fourteen days on payment of a fine of £5 or within one See also:month on payment of £1o.

End of Article: RECEIPT (M.E. receite, derived through Fr. from Lat. recepta, participle of recipere, to receive)

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