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.