Demand For Bonds In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00415BG
Format:
Word;
Rich Text
Instant download
Description
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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This program will help you write a letter that formally requests the money you are owed. This is called a Demand Letter.Being included in the CIP is a necessary first step that allows City staff to seek funding for a capital project. The bond refers to money paid to secure a detained foreign national's release that serves as a guarantee to the government. If you need bail bonds in Oakland, we can help. Need to write a strong Demand Letter for payment Oakland?
