Section 55 Conveyancing and Law of Property Act 1881

Section 55 of the Conveyancing Act 1881 is about Receipt in deed or indorsed, evidence for subsequent purchaser. It provides as follows:

(1.) A receipt for consideration money or other consideration in the body of a deed or indorsed thereon shall, in favour of a subsequent purchaser, not having notice that the money or other consideration thereby acknowledged to be received was not in fact paid or given, wholly or in part, be sufficient evidence of the payment or giving of the whole amount thereof.

(2.) This section applies only to deeds executed after the commencement of this Act.