BOND BY ONE PERSON TO TWO PERSONS PROVIDING PAYMENT BY INSTALEMENTS

BOND BY ONE PERSON TO TWO PERSONS

PROVIDING PAYMENT BY INSTALEMENTS

            KNOW ALL MEN BY THESE PRESENT that, I, AB, son of ………..of……….am bound to  PQ, son  of ………..of…………..and RS son of ……..of ……….in the sum of Rs…………..(double the amount of the principal) to be  paid to the said PQ  or         RS or to either of their heirs, executors, administrators, representatives or assigns, by these presents.

            Dated this………..day of………….,2000.

            (Signed) AB in the presence of……….s/o………of………..

           

            Now the condition of the above written bound is such, that if the above bounden AB,  his heirs, executors administrators or assigns, pay unto the  above named  PQ  or  RS or the survivors of them, or his, or their heirs, executors, administrators, representatives or assigns, the sum of Rs………..by the four  following  installments, namely, the sum of Rs……….on the ………day of………19…….., the sum of Rs…………….on the…………day of………..19………..and  the balance  of rupees………….(principal) on the …………day of…………….19………..and also pay with each  such  installment unto the said  PQ or  RS  or the survivor of them or his, or their, executors, administrators, representatives or assigns, interest at the at the rate of…………per cent per annum  upon the said principal sum of rupees……….or so much thereof as shall for the time being remain  unpaid, then  the above written bond shall be void, otherwise the same shall remain in full force.

Dated this………………day of………..,2000.

(Sd/-)………………….AB in the presence of………………s/o……………of…………