Demand - Law Dictionary Search Results
Home Dictionary Name: demandPayable on demand
Payable on demand, The words 'payable on demand' in a promissory note mean payable 'at once'. Ajyappankutty v. Mathoo Mathai, AIR 1955 Trav 65 (66). (Travancore Cochin Stamp Act, 1899, Art. 89)The words 'payable on demand' have been given different meaning when applied with reference to 'money lent' and 'money deposited'. In the content of Art. 21, the meaning and effect of these words is 'always payable' or payable from the moment when the loan is made, whereas in the content of Art. 22, 'the meaning is 'payable when actually a demand for payment is made'. The words 'on demand' in law have a special meaning and when an agreement states that an amount is payable on demand. It implies that it is always payable, that is payable forthwith and a demand is not a condition precedent for the amount to become payable. The meaning attached to the expression 'on demand' as 'always payable' or 'payable forthwith without demand' is not one of Universal application. The said meaning is normally app...
Demand
Demand [fr. demando, fr. mando, Lat., manudare, to hand-give; mander, Fr., to send for], a claim, a challenging, the asking of anything with authority, a calling upon a person for anything due. It is either in deed, written or verbal, as a demand for rent, or an application for payment of a debt; or in law, as an entry on land, distraining for rent, bringing an action. See DETINUE; LIMITATIONS.The word 'demand' ordinarily means something more than what is due; it means something which has been demanded called for or asked for. The word 'demand' in the collocation of words in which it has been used can only mean 'in excess of one year's municipal tax or other dues', Mangoo Singh v. Election Tribunal, AIR 1957 SC 871 (874, 875): 1958 SCR 418. [U.P. Municipalities Act, 1916 (2 of 1916), s. 13D(g) & 168]...
Maximum demand
Maximum demand, The 'maximum demand' as defined in s. 2(8) of the Act has always a reference to a past period and there can be no maximum demand in relation to a future period. The phrase should not be given two different meanings, one for the licensee and the other for the consumer asking for the maximum demand, The Sihor Electricity Works Ltd. v. Gujarat Electricity Board, AIR 1969 SC 770: (1969) 1 SCC 423: (1969) 3 SCR 438....
demand
demand 1 : a formal request or call for something (as payment for a debt) esp. based on a right or made with force [a shareholder must first make a on the corporation's board of directors to act "R. C. Clark"] [a written for payment] 2 : something demanded [any s against the estate] see also claim on demand : upon presentation and request for payment vt : to ask or call for with force, authority, or by legal right : claim as due [any party may a trial by jury of any issue triable of right by a jury "Federal Rules of Civil Procedure Rule 38(b)"] de·mand·able adj ...
Demand liabilities
Demand liabilities, means liabilities which must be met on demand, and 'time liabilities' means liabilities which are not demand liabilities. [Bank-ing Regulation Act, 1949 (10 of 1949), s. 5 (f)]...
reconventional demand
reconventional demand in the civil law of Louisiana : counterclaim [allowed to make a reconventional demand arising from a different transaction with the plaintiff] ...
Demand
To ask or call for with authority to claim or seek from as by authority or right to claim as something due to call for urgently or peremptorily as to demand a debt to demand obedience...
Demandant
Demandant, he who is actor or plaintiff in a real action, because he demands lands, Co Litt. 127....
Instrument payable on demand
Instrument payable on demand, means a promissory note or bill of exchange in which no time for payment is specified, and a cheque, are payable on demand (Negotiable Instruments Act, 1881, s. 19)....
On demand
On demand, the expression on 'demand' in a promissory note means payable immediately or forthwith, AIR 1966 AP 215 (217); see also AIR 1961 Mad 347 (348). [Hyderabad Stamp Act, (4 of 1331 F), s. 2(18)]...
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