South Australian Current Acts South Australian Current Acts134—Mortgagee's receipt to discharge purchaser
All sales contracts, matters, and things authorised by the last preceding
section shall be as valid and effectual as if the mortgagor or encumbrancer
had made, done, or executed the same, and the receipt or receipts in writing
of the mortgagee or encumbrancee shall be a sufficient discharge to the
purchaser of the land, or any portion thereof, for so much of his
purchase-money as may be thereby expressed to be received; and no such
purchaser shall be answerable for the loss, misapplication, or
non-application, or be obliged to see to the application of the purchase-money
by him paid, nor shall he be concerned to inquire as to the fact of any
default, or notice having been made or given, as aforesaid.