State Demand Legal For Payment In Wake
Category:
State:
Multi-State
County:
Wake
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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They're commonly the first step that aggrieved parties take before beginning legal action against the recipient. The demand letter usually specifies the response time - "If we don't receive your response within 30 days from the date of this letter we will proceed with X."State why it applies. Demand: Clearly state the amount of money that you want as a lump sum payment to resolve the case. Attorney Demand Letter 101: When an employment attorney sends out a demand letter. Unfortunately, just because the judge awarded you a money judgment does not mean that the defendant is immediately going to pay the amount owed. A demand letter is the last notice made to the debtor regarding a payment. A demand letter is a formal notice that demands the other individual or company (the "debtor") to rectify the situation or face legal action. Use our sample demand letter to draft your letter. The PLAINTIFF must pay advance court costs at the time of filing this. Complaint.
