VIEWS: 56 PAGES: 1 CATEGORY: Sales Agreement POSTED ON: 1/17/2013
In this form the buyer admits that the part received is merely an installment of a larger specified quantity. The reference to the larger specified quantity makes the receipt signed by the buyer sufficient as a memorandum under the statute of frauds without regard to the fact of delivery and acceptance of the part. It is, therefore, to the advantage of the seller to obtain the execution of such a receipt for the goods whenever possible.
Receipt and Acceptance of Partial Delivery of Goods I, (Name of Buyer), of (street address, city, state, zip code), hereinafter called Buyer, acknowledge having received and now accept partial delivery of (quantity or units) of (type of goods), purchased from (Name of Seller), of (street address, city, state, zip code), hereinafter called Seller, on (date of receipt), for $___________. The acceptance
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