LAW

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KembaraXtra – Legal Terms – Liquidated Demand


A liquidated demand is a claim for a specific and clearly determined sum of money. It typically arises in situations such as unpaid debts or contractual obligations where the amount owed is already known.


This type of claim differs from unliquidated damages, where the amount must be assessed by the court. In a liquidated demand, there is no need for such evaluation because the sum is fixed or easily calculable.


Because of its certainty, a liquidated demand often allows for quicker legal action and enforcement. It is commonly used in debt recovery proceedings.
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