State Demand Legal Force In Maryland
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A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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Plan a few key points to discuss with the other side. The General Assembly changes, adds, and repeals laws through the legislative process of introducing and passing bills, or drafts of proposed legislation.Discovery is a legal tool each party can use to strengthen their case. Through discovery you may receive new information and documents. This page describes an action for conventional mandamus, which is appropriate when correcting a public record or getting a license or permit issued. Both parties in a dispute have the option of negotiating a settlement prior to going to court. You must file a Maryland resident return Form 502 if: You are a legal resident of the state of Maryland (your home of record).
