Guarantee Bond Deeds Bonds 1522 Legal Draft Template
| Category | Deeds Bonds |
| Format | Rich Text |
| File name | Guarantee Bond-Deeds-Bonds-1522.rtf |
This is a sample legal draft for reference. Review and adapt it for your facts, and consult a qualified advocate before filing or execution.
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Guarantee Bond
ToM/s Success Finance Limited,
1500 Sadashiv Peth,
NASIK 411 030.
I, Shri ABC; age 50 years, occupation - service, resident of 220 Narayan Peth, Nasik 411 030, do hereby execute this Bond of Guarantee in favour you.
1. That my friend, Shri XYZ age49years, occupation …… business resident of 222 Narayan Peth, Nasik 411 030, has approached you for granting him a loan of Rs. 1,00,000/- for the construction of his house.
2. That the said friend of mine, Shri XYZ, has agreed and undertaken to make the repayment of the loan together with interest @ 15% p.a.
3. That I also do hereby agree and undertake that if the said Shri XYZ fails to make the repayment, I shall pay the said debt.
4. 1 also hereby undertake that in case the said Shri XYZ fails to refund the amount due to you from him, you are at liberty to recover the same from him or me or both through the court of law at my or our costs.
IN WITNESS WHWREOF I have executed this bond with my free will and signed hereunder at Nasik this…………….day of……….2005
Nasik, Sd/- A..B..C
(Full Name to be mentioned) Dated :