Forms Of Orders
( Originally Published 1918 )
An Order is a written request or direction for the payment of money or delivery of goods to a person therein named, the same to be charged to the person making the request.
Orders for the payment of money are negotiable if made payable to order or to bearer, but the person on whom they are drawn is not under obligation to pay them, unless they have been accepted, for an order partakes of the nature of a draft. (See "Drafts" under the general head of "Banking, Finance, Credit.")
$500.00 Chicago, Ill., March to, 19—. MR. RICHARD Foss: Please pay to William Mason, or bearer, Five Hundred Dollars, on my account.
For Goods to Value of Certain Amount
$100.00 Columbus, O., April 1, 19-.
MESSRS. BRONSON, KING & Co.: Please deliver to the bearer, David Swing, such goods as he may desire, to the value of One Hundred Dollars, and charge same to my account. GEORGE H. THOMAS.
For Goods Stored
Richmond, Va., Sept. 1, 19-.
MESSRS. SMITH, JONES & Co: Please deliver to the bearer, E. H. Van Oven, Six Barrels of Apples, stored by me in your warehouse. J. L. SPALDING.
A Due-Bill is a formal written acknowledgment that a certain amount is due to the person therein named. It may be payable in money or in merchandise. It is not transferable, and draws no interest unless specified therein.
Payable in Money
$50.00 Racine, Wis., July 2, 19---.
Due William Macey, on demand, Fifty Dollars, value received. JoHN KNOX.
Payable in Merchandise
$100.00 Indianapolis, Ind, Sept. 2, 19-.
Due Charles H. Adams, for services rendered, One Hundred Dollars, payable on demand, in merchandise, at my store. WILLIAM JOHNSON.
RULES FOR WRITING ALL KINDS OF RECEIPTS
What a Receipt Is.—A receipt is an acknowledgment in writing, signed by the person receiving, that certain personal property (money or goods, or both), has been received.
A Complete Receipt requires the following statements: That a payment has been received; the date of the payment; the amount or article received; from whom received, and if for another on whose behalf payment is made; to what debt or purpose it is to be applied; by whom received, and if for another, on whose behalf it was received.
Kinds of Receipts. Receipts are divided generally into three kinds : Receipts in Full, Receipts on Account, and Receipts to Apply on Particular Accounts.
Every Receipt Should Show whether payment is made in full, on account, or on what particular account where there is more than one between the persons.
How an Agent Should Sign.—An agent should sign his principal's name and then write his own name underneath it, prefixing the word "By," thus:
Receipt for a Note Not Necessary.—It is not necessary to take or give a receipt when a note is paid, as the instrument itself becomes a receipt.
Mistake or Fraud.-A receipt given under error or mistake of fact, or obtained through fraud, is void.