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MONEY BOND WITH A SURETY
THIS BOND is made on the ………… day of ……….. 20 …….by X son of
………. resident of …………. (hereinafter referred to as the Debtor) of the FIRST PART
and Y, son of Shri ………………. resident of …………..(hereinafter referred to as the Surety) of
the SECOND PART, and Z son of X ………… resident of ………..(hereinafter referred to as the creditor)
of the THIRD PART.
X has request ed the creditor Z to lend him a sum of Rs ……..which the creditor has agreed to do on the
debtor executing this bond and the same being secured by one surety and which the debtor and surety
have agreed to do.
NOW THIS BOND WITNESSES that in consideration of the creditor lending to the debtor the sum of Rs
………. (receipt whereof the debtor hereby admits), the debtor hereby covenant to pay the creditor the
said sum of Rs …………… on or before …………..with interest @ thereon and this bond further
witnesseth that at the request of the debtor the surety hereby jointly and severally covenant with the
creditor that in the event of the debtor committing default in payment of the said amount with interest on
the due date, the surety shall pay to the creditor the said amount or part thereof remaining unpaid with
interest on demand by the creditor
IN WITNESS WHEREOF, we the said debtor and surety have set and subscribed our hands on the day
and year first above written.
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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.
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