Bond By One Person To Two Persons Providing Payment By Installments Legal Draft Template
| Category | Agreements Bonds |
| Format | |
| File name | Bond by One Person to Two Persons Providing Payment by Installments |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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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/oof..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 of19.., the sum of
Rs.on theday 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
ofper 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
thisday of..,2000.(Sd/-)..............AB
in the presence ofs/oof