Section 477
Matters To Be Set Out In Deed
In carrying on a transaction, the
following matters shall be set out in the deed according to the
nature of transaction:
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(a) Name, surname, age and address of each person
involved in transaction, and name of his or her
father, mother, grand-father and grand-mother,
Provided that in the case of a married person, the
name of his or her husband or wife, as the case may
be, shall also be mentioned.
(b) Reason for transaction,
(c) Volume of transaction,
(d) In the case of transaction of any good, price of such
goods,
(e) In the case of exchange of any goods by way of
borrowing, loan or otherwise, the matter to that
effect,
(f) Details of the goods, if any, exchanged,
(g) Date for repayment of the transacted amount,
(h) Rate of interest, if any, payable on the transaction,
(i) Matter that the creditor may recover the amount
involved in the transaction from the borrower's
assets in the event of failure to repay such amount
within the specified time or to fulfill the other
conditions set forth in the deed,
(j) Place of the deed executed,
(k) Date of the deed executed,
(l) Such other matters as required to be set out
according to the nature of transaction.
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