Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.
|
See also: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 See also: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 By the See also:Stamp See also:Act of 1891, which repealed and re-enacted other acts, a See also:duty of Id.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 . |
|
|
[back] RECANATI |
[next] RECEIVER |
There are no comments yet for this article.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.
Links to articles and home page are encouraged.