WITH CORRECT DETAILED ANSWERS
1. The intentional misrepresentation, deceit, or concealment of a material fact
know to a person with intentions of causing injury to the other party is
called: - ANSWER ✅ Fraud
2. A verbal agreement that sets the conditions of the agreement are: -
ANSWER ✅ Informal
3. When the applicant applies for a Surety Bail Bond by completing the
application, this is considered - ANSWER ✅ Offer
4. What are three types of authority that a Surety Bail Bond Agent has? -
ANSWER ✅ Express, implied and apparent
5. Where does a Build-Up fund have to be deposited? - ANSWER ✅ In a
federally insured bank or savings and loan.
6. When a judge releases a defendant after the defendant promises to re -
ANSWER ✅ Recognizance
7. What may a Surety Bail Bond Agent not do? - ANSWER ✅ A - Wear a
shirt or jacket with his company logo to the jail
B - Act as an attorney for his bond client
C - Tell a bond client which attorney to use
, 8. Where does a Surety Bail Bond Agent have to register in order to execute
surety bail bonds in a county? - ANSWER ✅ C - With the Clerk of Court
D - With the Clerk of Court of the Common Pleas Court
9. Which of the following are unfair trade practices: - ANSWER ✅ A -
Charging fees based on sex religion, creed, or national origin.
B - Giving a defendant a rebate if you bond him out.
C - Telling potential clients that a competitor charges higher premium (rates)
to bond out.
10.How much notice does the surety bail bond agent have to give the principal
and the co-signers in order to convert the collateral deposit into cash? -
ANSWER ✅ Ten days
11.What actions is not prohibited for Surety Bail Bond Agents - ANSWER ✅
Placing an advertisement in the telephone book
12.Who cannot arrest a Fugitive Bond Jumper in this state when the bond was
written in another state? - ANSWER ✅ A private investigator licensed in
this state
13.Acceptable forms of collateral are: - ANSWER ✅ A - Cash
B - Real property
C - Promissory note
D - Indemnity agreement
14.Which statement is true about property bonds? - ANSWER ✅ The
defendant can only post his own property with the court