What is a Demandant in a Legal Document?
Demandant is a term used in the context of a legal document, specifically a promissory note or a bill of exchange. It refers to the person or entity who is making the promise or request in the document.
In other words, the demandant is the party that is asking for something, such as payment or delivery of goods, and is typically the creditor or lender in the transaction. The demandant has the right to demand fulfillment of the terms of the agreement and can take legal action if the other party fails to comply.
For example, if John owes Mary money and Mary sends John a promissory note stating that he must pay her $100 by a certain date, then Mary would be considered the demandant in this situation because she is the one making the demand for payment.