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Legal Definitions - money claim

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Definition of money claim

Money Claim

A money claim is a legal action initiated in court by one party (the claimant) against another party (the defendant) to recover a specific sum of money. This sum is typically sought as compensation for a loss suffered, a debt that is owed, or a failure to fulfill a legal obligation.

Examples:

  • Example 1: Unpaid Professional Services
    A freelance web developer completes a new website for a client according to their agreement. However, after the website is launched, the client refuses to pay the final invoice for the developer's work. The developer could file a money claim in court to compel the client to pay the outstanding fee for the services rendered. This illustrates a money claim because the developer is seeking a specific sum of money owed for work performed.
  • Example 2: Compensation for Property Damage
    While performing landscaping work, a contractor accidentally drives their machinery over a homeowner's sprinkler system, causing significant damage. The contractor acknowledges the damage but refuses to pay for the repairs. The homeowner could initiate a money claim against the contractor to recover the costs associated with repairing or replacing the damaged sprinkler system. This demonstrates a money claim as the homeowner is seeking financial compensation for a loss caused by another party's actions.
  • Example 3: Refund for a Defective Product
    A consumer purchases a new refrigerator that stops working completely within two weeks of delivery due to a manufacturing defect. The retailer refuses to offer a refund or a replacement, despite the product being under warranty. The consumer could file a money claim to recover the purchase price of the faulty appliance. This is a money claim because the consumer is seeking the return of a specific sum of money paid for a product that failed to meet its expected standard.

Simple Definition

A money claim refers to a legal action brought to recover a specific sum of money. This typically involves seeking payment for a debt owed or compensation for a financial loss, such as damages resulting from a broken contract.

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