SIMPLE BOND

SIMPLE BOND

THIS BOND is given by me the undersigned... residing at ... in favour of Mr. B as follows -

WHEREAS I am having several dealings with the said Mr. B as a result of which I have become liable to pay to Mr. B in an aggregate sum of Rs……….

WHEREAS the said Mr. B has refused to continue the dealings or business with me unless I acknowledge the said liability as on today and execute this bond for the payment thereof.

NOW I …………... hereby confirm that I am indebted to Mr. B in the said sum of Rs.…………. and I agree and covenant to pay to Mr. B the said sum on demand with interest thereon at the rate of Rs... per cent per annum.

Dated this ... day of .……….., 2000.

Signature.

WITNESSES;

1.

2.