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What does demand mean in law?

To request forcefully or under legal authority. A demand letter usually initiates the legal dispute resolution process in which one party is seeking performance or abstention from a specific action , or monetary restitution to settle a claim .

What is a demand form?

Key Takeaways. A demand letter is a document sent by one party to another in an effort to resolve a dispute. The letter requests some form of restitution to the aggrieved party and is often preceded by amicable attempts to remind a recipient of the obligation. Most demand letters are written by attorneys.

What does it mean when a lawyer sends a demand?

What Is a Demand Letter? In the context of a personal injury case (or other California civil matter), a demand letter serves as an official (but informal) notice that someone believes another person or entity has wronged them.

What are the three forms of demand?

7 types of demand Joint demand. Joint demand is the demand for complementary products and services. Composite demand. Composite demand happens when a single product has multiple uses. Short-run and long-run demand. Price demand. Income demand. Competitive demand. Direct and derived demand.

How serious is a demand letter?

A promissory note that is payable on demand is payable at the will of the holder. A promissory note without a specified time of payment, ing to N. Bank v.