QUESTIONS WITH ANSWERS GRADED A+
◉ Bail Enforcement. Answer: the apprehension or surrender of a
principal by a natural person who is released on bail or who has
failed to appear at and state of the proceedings to answer to the
charge before the court, in which he may be prosecuted
◉ obligor. Answer: the party who owes the duty or debt; principal;
in bail,the defendant
◉ Appearance bond. Answer: the range of a criminal defendant's
bond
◉ Types of criminal defendant bonds. Answer: Bail Bonds
Appeal Bonds
Supersedes Bonds
Habeas Corpus Bonds
Extradition Bonds
Civil Contempt Bonds
Ne Exeat Bonds
,◉ Secured Personal Surety. Answer: personal surety who meets all
the qualifications of law and specifically, mortages, immovable
property located in the state of Louisiana
◉ The Surety. Answer: the individual/company who pledges to fulfill
the obligation if the obligor defaults, or in lieu thereof, to pay a
specified sum of money. The sum is called the face amount of the
bond.
◉ Formal Contract. Answer: A contract made binding by the
oberservance of required formalities regardless of the giving of
consideration; specifically a contract the is a contract underseal, a
recognizance, a letter of credit, or negotiable instruments
◉ Poilcy/certificate. Answer: any contract of insurance, indemnity,
medical, health or hospital service, suretyship, or annuity issued,
proposed for issuance, or intended for issuance by any insurer
◉ Insurance. Answer: Companies and their producers are regulated
by the Insurance Commissioner and his staff in the DOI; an of the
lines of authority specified in RS 22:1547
◉ Bail. Answer: Monetary or other form of security to insure the
appearance of the defendant at every stage of the criminal
proceedings; any type of pretrial release
,◉ Probable Cause. Answer: Facts sufficient to cause a person of
reasonable caution to believe a crime has been committed and if
applicable that a specific person has committed the crime
◉ 2 types of personal surety. Answer: Unsecured and Secured
◉ Voluntarily Surrender. Answer: personal appearance without
confinement by a law enforcement officer or bail recovery agent
◉ Surety. Answer: One who undertakes to pay money or perform
some act if the principal fails to pay or perform
◉ Producer. Answer: A person required to be licensed under the
laws of this state to sell, solicit, or negotiate insurance, and includes
all persons or business entities otherwise referred to in the La.
Insurance code
◉ False Swearing. Answer: when a person tells a lie under oath,and
it is put in writing and sworn before a notary or other such official
◉ Waiver. Answer: implies giving up of a known right
, ◉ Offer & Acceptance. Answer: one party must take a proposition to
the other and the other must accept the proposal
◉ Competent Parties. Answer: sometimes referred to as "sui juris"
parties
The parties must be legal age and in no way mentally impaired
◉ Breach of Contract. Answer: One party's failure to perform some
act, which be contractually agreed to do. In addition the aggrieved
party may ask for monetary damages under a suit
◉ Unilateral Contract. Answer: A contract in which only one party is
obligated to perform.
Compare to bilateral contracts
◉ Contract. Answer: an agreement between 2 or more persons
which is legally binding
◉ Informal Contract. Answer: Any contract that is not formal
contract. Also called simple contract
◉ Bilateral Contract. Answer: A contract in which both parties have
promised to perform.
Compare to unilateral contract