GUARANTEE FOR REPAYMENT OF LOAN  [CD1] 

 

To 

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 

 

Dear Sirs, 

 

I, the undersigned, in my capacity as managing proprietor, duly authorised, of the registered partnership firm of _____________________________ of ________________________ Road

____________________ (or simply, I, the undersigned, resident, of _________), hereby undertake to pay you a sum of Rupees _________________ which you have this day advanced under a pronote, dated _____________ (or for the goods supplied by you at my request) to ,………..,,,,,,,,,,,,,,. of etc., I also undertake to pay all interest due on the above sum from today till final payment at the rate of _________ per cent per annum. 

 

This guarantee shall be enforceable by you in the event of non-payment of the debt (or price of goods) by BB. within a period of two weeks from today and I shall be liable to pay the aforesaid amount plus interest within _________ days after notice in writing has been served upon me (or my firm) at the address herein given. This guarantee shall not be affected by your granting any time, your forbearance to enforce payment or any other indulgence granted by you to ………………….. or such consideration to which the said BB. may in law be entitled to. 

 

Dated at _________ this the _________ day of _________, 20 _________ 

 

Yours faithfully, 

 

Sd. ……………….aa 

 

(Give full address and description of aa.) 

 

 

 [CD1]

GUARANTEE FOR REPAYMENT OF LOAN