receive

To take into one's possession, e.g., a letter, a gift, one's salary, or earnings. Hallenbeck v Getz, 63 Conn 385, 388; Commissioner v Williston, 315 Mass 638, 54 NE2d 43, 151 ALR 1395. As the words "receive" and "accept" are used in the statute of frauds, the authorities generally agree that they do not mean the same thing, although they are ordinarily synonymous. To "receive" seems to imply taking into possession by the buyer, while "accept" means an assumption of' ownership oil the part of the buyer, treating the goods as his own. Mack Co. v Bear River Milling Co. 63 Utah 565, 227 P 1033, 36 ALR 643, 646. In computing income taxes, although there is authority to the contrary, the general view is that where a dividend is declared in one year, but not paid or payable to the stockholder until a subsequent year, it is "received" and taxable in thelatter rather than the earlier year. But actual receipt is not necessary, and a dividend may be in which it was constructively received by being made unqualifiedly subject to his demand. Anno: 120 ALR 1282.