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Bond (Written acknowledgment)

a written acknowledgment or binding of a debt under seal. The person who gives the bond is called the obligor , and he to whom it is given the obligee. A bond is called single when it does not conwhen it does not con BOND tain a penalty, and an obligation when it does. If two or more persons bind themselves in a bond jointly and se severally, the obligee may sue them jointly or single out any one of the number he pleases to sue; but if they are bound jointly, and not severally, he must sue them jointly or not at all. Bonds of an immoral character are void at law.