Commentary

3 Form of double bonds

BONDS vol 4(1)
| Commentary

3 Form of double bonds

| Commentary

3 Form of double bonds1

It is necessary that there is an obligor, an obligee and a fixed sum of money in which the obligor is bound, and that the instrument is duly executed by the obligor. No consideration is necessary because the instrument is under seal. An example of a bond is as follows:

BY THIS BOND I (obligor) of (address) acknowledge myself bound to pay to (obligee) of (address) the sum of £...

Signed by me this ...... day of .........

NOW THE ABOVE-WRITTEN BOND is void in the event that (obligor) his personal representatives or any person acting for and

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