ACQUITTANCE

Search:

ACQUITTANCE

ACQUITTANCE, contracts. An agreement in writing to discharge a party from an engagement to pay a sum of money. It is evidence of payment. It differs froma release in this, that the latter must be under seal, while an acquittanceneed not be under seal. Poth. Oblig. n. 781. In Pennsylvania, a receipt,(q.v.) though not under seal, has nearly the same effect as a release. 1Rawle, R. 391. Vide 3 Salk. 298, pl. 2; Off. of Ex. 217 ; Co. Litt. 212 a,273 a.

Terms of Use | Canadian Lawyers