Delaware Demand Bond

State:
Multi-State
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.

How to fill out Demand Bond?

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FAQ

When filling out a bond form, you typically need to provide your contact information, details about your business, and the specific requirements of the Delaware Demand Bond. It's also essential to include any project-related information, such as the project name and value. This comprehensive information helps ensure that your bond request is processed smoothly.

To obtain a surety bond in Delaware, start by identifying the type of bond you need, like a Delaware Demand Bond. Then, complete the necessary application forms and provide any required documentation. You can use services like uslegalforms to simplify the process, ensuring you meet all legal requirements efficiently.

To complete a bond form, gather all necessary documents and information related to your request for a Delaware Demand Bond. Fill in your details clearly and accurately, ensuring all required fields are completed. Once finished, review the form carefully to confirm that everything is correct before submitting it.

Filling out a bond form involves providing essential details about your business and the specifics of the Delaware Demand Bond you need. Make sure to include information such as the purpose of the bond and any relevant project details. After completing the form, double-check for any missing information to avoid delays.

To fill out a bid bond request form, start by providing your personal and business information accurately. Next, include details about the project that requires the Delaware Demand Bond, such as the project name and bid amount. Finally, review your entries for accuracy before submitting the form to ensure a smooth processing experience.

Under Section 220, a stockholder plaintiff must have a proper purpose for seeking a corporation's books and records. When that purpose is to investigate possible wrongdoing, she bears the burden to demonstrate a ?credible basis? to suspect that wrongdoing has occurred.

Under Rales, a director is disqualified for demand futility purposes where a plaintiff alleges particularized facts showing the director faces a ?substantial likelihood? of personal liability from the corporation's potential claims.

Demand futility is a specific type of civil lawsuit in which a company's board decisions and/or decision-making skills, in general, are challenged. Essentially, the lawsuit will allege an individual decision was either made or not made based on bias, obstruction, or other unfair means.

Futility means that the complaint, as amended, would fail to state a claim upon which relief could be granted.

?Demand is futile, and excused, when the directors [or managing members] are incapable of making an impartial decision as to whether to bring suit.?7 In New York, the demand requirement is excused where a plaintiff pleads ?with particularity that (1) a majority of the directors [or managing members] are interested in ...

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Delaware Demand Bond