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LSDefine

Simple English definitions for legal terms

demand

Read a random definition: coinsurance

A quick definition of demand:

Demand: When someone asks for something very strongly or when a court orders someone to do something. In economics, demand means how much people want to buy a product.

A more thorough explanation:

Definition: Demand can have different meanings depending on the context. In legal terms, it means to request something forcefully or under legal authority. For example, a demand letter is a legal document that initiates a dispute resolution process where one party seeks performance or abstention from a specific action, or monetary restitution to settle a claim.

In economics, demand refers to the relationship between the quantity of a product produced and the desire of consumers to purchase that product. It is the amount of a good or service that consumers are willing and able to buy at a certain price and time.

Examples:

  • Legal: A person who has been injured in a car accident may demand compensation from the driver who caused the accident.
  • Economics: If the price of a cup of coffee increases, the demand for coffee may decrease as consumers may choose to buy a cheaper alternative or reduce their consumption of coffee.

The legal example illustrates how demand can be used to request something under legal authority. The economic example shows how demand is affected by changes in price and how consumers may adjust their purchasing behavior accordingly.

delivery | demand letter

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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