BOND IN FAVOUR OF THE CREDITOR BY KARTA AND COPARCENER OF A TRADING JOINT
HINDU FAMILY
Table of Contents
<h2>BOND IN FAVOUR OF THE CREDITOR BY KARTA AND COPARCENER OF A TRADING JOINT
HINDU FAMILY</h2>
THIS BOND is executed by A son of Shri ………..resident of………..and B son of Shri ………..resident
of………..karta and member of joint Hindu family respectively, trading under the name and style of M/s.
………..in favour of ………..under the terms and conditions herein mentioned.
WHEREAS the……. Hindu joint family is trading under the name and style of M/s ….. and A is karta of
the said hindu joint family and B is the major member of the said hindu joint family and
WHEREAS the said firm requires advances from time to time for their business, which is being carried on
by the aforesaid joint Hindu family for the benefit of the said joint Hindu family and has requested
the………………(hereinafter referred to as the‐ said Bank) to make such advances to the said joint Hindu
family firm, and
WHEREAS the said bank has agreed to make such advances to the said joint Hindu family firm as
in its discretion it may think proper.
NOW THIS BOND WITNESSES AS UNDER:
That the said A and B shall be responsible jointly and severally for the advances made by the
said bank to the said firm and all documents signed by any one of the said A and B jointly and
severally in the name of the said firm, as per specimen of signature set below, the said A and B
promise that any advances so made to the said firm or either of them or jointly shall be repaid
out of the joint family business and property and by each of them severally as well as jointly and
by their heirs, executors, administrators, legal representatives or assigns in respect of all such
advances.
A…………..
B…………..
WITNESSES
1.
2.
Barelaw, an online platform dedicated to delivering comprehensive legal knowledge, proudly presents its exclusive category of case briefs. This section is meticulously crafted to offer insightful analyses of landmark judgments, providing a valuable resource for legal professionals, students, and anyone interested in understanding the intricacies of law. Our case briefs delve deep into pivotal court decisions, exploring the rationale behind each judgment and its impact on the legal landscape.
We understand that navigating the complexities of legal judgments can be challenging. That’s why our case briefs are designed to be both informative and accessible, ensuring that readers gain a clear understanding of the key legal principles involved. Each brief includes a summary of the facts, the legal issue at hand, the court’s reasoning, and the ultimate decision. This structured approach makes it easier for our audience to grasp the nuances of each case.
We understand that navigating the complexities of legal judgments can be challenging. That’s why our case briefs are designed to be both informative and accessible, ensuring that readers gain a clear understanding of the key legal principles involved. Each brief includes a summary of the facts, the legal issue at hand, the court’s reasoning, and the ultimate decision. This structured approach makes it easier for our audience to grasp the nuances of each case.
Explore our case briefs and immerse yourself in the world of law. Visit our website now and discover the wealth of legal knowledge at your fingertips. The link is provided below for your convenience and direct access to our expansive legal database
You can access more legal drafts here – https://www.barelaw.in/legal-drafts/
