Queensland Consolidated Acts

PROPERTY LAW ACT 1974 - SECT 52

52 Receipt in instrument or endorsed evidence

(1) A receipt for consideration money or other consideration in the body of a deed or instrument or endorsed on the deed or instrument shall in favour of a subsequent purchaser not having notice that the money or other consideration 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 of the money or other consideration.

(2) This section applies to deeds or instruments executed or endorsements made before or after the commencement of this Act.