Bail Bond MID TERM Exam Questions with correct Answers | Verified & Updated | 100% Corre ct premium for bail under $3,000 - Answer ✔️✔️-10% premium for bail $3,000 -$10,000 - Answer ✔️✔️-8% premium for bail $10,000+ - Answer ✔️✔️-6% premium for bail less than $200 - Answer ✔️✔️-$10 can you accept $ for obtaining a license - Answer ✔️✔️-no can a lawyer give bail for $ - Answer ✔️✔️-no punishment for insurance fraud - Answer ✔️✔️-fine or up to 10 years punishment for fraud that jeopardizes safety of insurer - Answer ✔️✔️-up to 15 years express authority - Answer ✔️✔️-an agent's power to act on behalf of a principal, explicitly granted by an agreement between the agent and principal implied authority - Answer ✔️✔️-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 - Answer ✔️✔️-an agent's power to act on behalf of a principal, even though not expressly or implicitly granted Apparent authority protection - Answer ✔️✔️-protects th ird 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) - Answer ✔️✔️-offer and acceptance, consideration, competent parties, legal purpo se Offer - Answer ✔️✔️-one of the parties made a promise to do or refrain from doing some specified action in the future acceptance - Answer ✔️✔️-expressed unambiguously, through words, deeds or terms in the contract consideration - Answer ✔️✔️-somethin g of value was promised in exchange for the specified action or non -action (NOT GIFT) competent parties - Answer ✔️✔️-refers to a person's ability to satisfy the elements required for someone to enter binding contracts (i.e. age, sound mind) legal purpose - Answer ✔️✔️-purpose of the contract must follow the law in order to be enforceable concealment - Answer ✔️✔️-fraudulent failure to reveal information that someone is aware should be disclosed effects of concealment - Answer ✔️✔️-cancellation of contr act or civil lawsuit for fraud fraud - Answer ✔️✔️-a false representation of fact made with the intent to deceive another causing legal injury effect of fraud - Answer ✔️✔️-cancels or rescinds contract Original jurisdiction - Answer ✔️✔️-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 - Answer ✔️✔️-authority confined to a bounded spa ce, including all those present therein, and events which occur there subject matter jurisdiction - Answer ✔️✔️-authority over the subject of the legal questions involved in the case personal jurisdiction - Answer ✔️✔️-authority over a person, regardless of their location appellate jurisdiction - Answer ✔️✔️-may only hear an action after the court of original jurisdiction (or a lowere appellate court) has heard the matter acquit - Answer ✔️✔️-to set free, release or discharge as from an obligation, burd en or accusation. to absolve one from an obligation or a liability; or to legally certify the innocence of one charged with a crime adjudicate - Answer ✔️✔️-the legal process of resolving a dispute. the formal giving or pronouncing of a judgment r decree in a court proceeding; also the judgment or decision given capital offense - Answer ✔️✔️-any criminal charge punishable by death penalty (varies from state to state and country to country) conviction - Answer ✔️✔️-outcome of criminal prosecution that con cludes with defendant declared guilty of crime charged (whether through verdict or plea) custody - Answer ✔️✔️-who has control over money at a particular time,
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