54Receipt in instrument or endorsed evidence sufficient in

54 Receipt in instrument or endorsed evidence sufficient in favour of purchaser (1) 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, a receipt for consideration money or other consideration in the body of a deed or instrument or endorsed on the deed or instrument is sufficient evidence of the payment or giving of the whole amount of the money or other consideration. (2) Subsection (1) applies to deeds or instruments executed or endorsements made before or after the commencement of this Act.