Bail Bond MID TERM Exam Questions with correct
Answers | Verified & Updated | 100% Correct
premium for bail under $3,000
10%
premium for bail $3,000-$10,000
8%
premium for bail $10,000+
6%
premium for bail less than $200
$10
can you accept $ for obtaining a license
no
can a lawyer give bail for $
no
punishment for insurance fraud
fine or up to 10 years
punishment for fraud that jeopardizes safety of insurer
up to 15 years
express authority
an agent's power to act on behalf of a principal, explicitly granted by an agreement between the
agent and principal
implied authority
an agent's power to act on behalf of a principal, intentionally granted by the principal as a result of
the principal's conduct, but without an express agreement
Apparent authority
an agent's power to act on behalf of a principal, even though not expressly or implicitly granted
Apparent authority protection
protects third parties who would otherwise incur losses if the agent's signature did not bind the
principal after reasonable observers thought it would
Elements of a legal contract (4)
offer and acceptance, consideration, competent parties, legal purpose
, Offer
one of the parties made a promise to do or refrain from doing some specified action in the future
acceptance
expressed unambiguously, through words, deeds or terms in the contract
consideration
something of value was promised in exchange for the specified action or non-action (NOT GIFT)
competent parties
refers to a person's ability to satisfy the elements required for someone to enter binding contracts
(i.e. age, sound mind)
legal purpose
purpose of the contract must follow the law in order to be enforceable
concealment
fraudulent failure to reveal information that someone is aware should be disclosed
effects of concealment
cancellation of contract or civil lawsuit for fraud
fraud
a false representation of fact made with the intent to deceive another causing legal injury
effect of fraud
cancels or rescinds contract
Original jurisdiction
trial court
court's power to hear/decide case before appellate review
hears case for the FIRST time, not reviewing lower court's decision
this sort of dispute is heard by this sort of court FIRST
territorial jurisdiction
authority confined to a bounded space, including all those present therein, and events which occur
there
subject matter jurisdiction
authority over the subject of the legal questions involved in the case
personal jurisdiction
authority over a person, regardless of their location
Answers | Verified & Updated | 100% Correct
premium for bail under $3,000
10%
premium for bail $3,000-$10,000
8%
premium for bail $10,000+
6%
premium for bail less than $200
$10
can you accept $ for obtaining a license
no
can a lawyer give bail for $
no
punishment for insurance fraud
fine or up to 10 years
punishment for fraud that jeopardizes safety of insurer
up to 15 years
express authority
an agent's power to act on behalf of a principal, explicitly granted by an agreement between the
agent and principal
implied authority
an agent's power to act on behalf of a principal, intentionally granted by the principal as a result of
the principal's conduct, but without an express agreement
Apparent authority
an agent's power to act on behalf of a principal, even though not expressly or implicitly granted
Apparent authority protection
protects third parties who would otherwise incur losses if the agent's signature did not bind the
principal after reasonable observers thought it would
Elements of a legal contract (4)
offer and acceptance, consideration, competent parties, legal purpose
, Offer
one of the parties made a promise to do or refrain from doing some specified action in the future
acceptance
expressed unambiguously, through words, deeds or terms in the contract
consideration
something of value was promised in exchange for the specified action or non-action (NOT GIFT)
competent parties
refers to a person's ability to satisfy the elements required for someone to enter binding contracts
(i.e. age, sound mind)
legal purpose
purpose of the contract must follow the law in order to be enforceable
concealment
fraudulent failure to reveal information that someone is aware should be disclosed
effects of concealment
cancellation of contract or civil lawsuit for fraud
fraud
a false representation of fact made with the intent to deceive another causing legal injury
effect of fraud
cancels or rescinds contract
Original jurisdiction
trial court
court's power to hear/decide case before appellate review
hears case for the FIRST time, not reviewing lower court's decision
this sort of dispute is heard by this sort of court FIRST
territorial jurisdiction
authority confined to a bounded space, including all those present therein, and events which occur
there
subject matter jurisdiction
authority over the subject of the legal questions involved in the case
personal jurisdiction
authority over a person, regardless of their location
