Form E Surety Bond

This document is a legal notice which relates to surety bond.

Surety bond is defined as a contract among at least  three parties. Surety is a person who assures the obligee that the principal can perform the task.

This document implies that in case borrower fails to pay the dues or debts on installment then surety will be liable to pay such amount that will be one time payment. And in no case surety can be discharged from its liability.

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