Answers Latest Update
Acquit - ANSWER to set free:to judicially discharge from an acquisition;to clear of a
criminal charge
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
Surety - ANSWER the person/company promising to perform the obligation if the obligor
fails to perform, or alternatively, to pay a stated sum of money. The amount is termed
the face amount of the bond.
,Formal Contract - ANSWER A contract made binding by the observance of required
formalities regardless of the giving of consideration; specificaly a contract that is either
a contract under seal, a recognizance, a letter of credit, or negotiable instruments
Policy/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 enough 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
, Perjury - 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 of legal age and in no way mentally incapacitated
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
Implied Contract - ANSWER a contract that infers to exist from the words and conducts
of the parties