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Safir v. Sajid

Stamp Act, 1959 (Kerala) – Section 2 (a) – “bond” – For an instrument to partake the character of a bond an obligation must have been created in the instrument itself – A specific acknowledgment in the agreement of an amount that is outstanding to be paid as on the date of execution of the document, the same can only be construed as an agreement and it does not partake the character of a bond as defined in Section 2(a) of the Act.