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Simple English definitions for legal terms

contingent demand

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A quick definition of contingent demand:

Contingent demand: A type of demand that cannot be determined or fixed because it depends on the occurrence of a certain event or condition. For example, a person may demand payment for services only if they successfully complete a project. This type of demand is uncertain and conditional.

A more thorough explanation:

Contingent demand is a type of demand that cannot be determined or fixed because it depends on the occurrence of a particular event or contingency. It is a demand that is conditional and uncertain.

  • A person may demand payment for services rendered only if the client is satisfied with the work done.
  • A company may demand payment for goods sold only if the goods are delivered on time and in good condition.
  • A tenant may demand repairs to the rental property only if there is a leak or damage caused by the landlord's negligence.

These examples illustrate how contingent demand is dependent on certain conditions being met. The demand cannot be fixed until the contingency is resolved. In other words, the demand is not certain until the event or condition occurs.

contingent debt | contingent fund

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18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
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