Acknowledged Receipt of Goods
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A receipt is a written acknowledgment by the recipient of payment for goods, payment of a debt or receiving property from another. Business owners have private policies governing a purchaser's right to return or exchange goods without a receipt indicating proof of purchase. A receipt may also be required as proof of ownership or purchase price in a variety of circumstances, such as insurance claims, lost property claims, and rebates.
Goods are defined under the Uniform Commercial Code as those things that are movable at the time of identification to a contract for sale. (UCC § 2-103(1)(k)). The term includes future goods, specially manufactured goods, and unborn young of animals, growing crops, and other identified things attached to realty.
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