Exam (elaborations)
Bail Bonds Louisiana Questions with Accurate Answers
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Bail Bonds Louisiana
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Bail Bonds LouisianaAcquit - answerto set free:to judicially discharge from an acquisition;to clear (a person)
of a criminal charge
Bail Enforcement - answerthe 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 - answerthe party who owes the duty or debt; principal; in bail,the defendant
Appearance bond - answerthe range of a criminal defendant's bond
Types of criminal defendant bonds - answerBail Bonds
Appeal Bonds
Supersedes Bonds
Habeas Corpus Bonds
Extradition Bonds
Civil Contempt Bonds
Ne Exeat Bonds
Secured Personal Surety - answerpersonal surety who meets all the qualifications of
law and specifically, mortages, immovable property located in the state of Louisiana
The Surety - answerthe 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 - answerA 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 - answerany contract of insurance, indemnity, medical, health or
hospital service, suretyship, or annuity issued, proposed for issuance, or intended for
issuance by any insurer
,Insurance - answerCompanies 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 - answerMonetary 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 - answerFacts 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 - answerUnsecured and Secured
Voluntarily Surrender - answerpersonal appearance without confinement by a law
enforcement officer or bail recovery agent
Surety - answerOne who undertakes to pay money or perform some act if the principal
fails to pay or perform
Producer - answerA 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 - answerwhen a person tells a lie under oath,and it is put in writing and
sworn before a notary or other such official
Waiver - answerimplies giving up of a known right
Offer & Acceptance - answerone party must take a proposition to the other and the
other must accept the proposal
Competent Parties - answersometimes referred to as "sui juris" parties
The parties must be legal age and in no way mentally impaired
Breach of Contract - answerOne 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 - answerA contract in which only one party is obligated to perform.
Compare to bilateral contracts
Contract - answeran agreement between 2 or more persons which is legally binding
Informal Contract - answerAny contract that is not formal contract. Also called simple
contract
, Bilateral Contract - answerA contract in which both parties have promised to perform.
Compare to unilateral contract
Implied Contract - answera contract that infers to exist from the words and conducts of
the parties
Appearance Bond - answerin a criminal proceeding, guarantees that the defendant will
appear in court each and every time he is ordered to do so until the case is disposed of
by the court
Exonerate - answerto remover a burden or release from a duty. To free from
responsibility
Jump bail - answerleaving the jurisdiction or any other act by a defendant to avoid a
court appearance after a bail bond has been posted
Judgment - answerthe decision of a court. In cases of forfeiture, the judgment is the
court's order for the surety to pay
Bail Bond Regulatory Board - answera 7 member board appointed by the Insurance
Commissioner to assist the Dept. Of Ins. in the regulation of the bail industry
Bail Bondsman - answera limited surety agent or professional bondsman, as hereinafter
defined
Co-sureties - answer2 or more sureties to the same obligation
Department - answerin this course, The Dept of Ins
Liability - answerIn surety, an obligation, which must be preformed or otherwise fulfilled.
The face amount of a bond.
Indemnify - answerto secure against loss; to insure; to hold harmless
Indemnitor - answerOne who indemnifies
Defendant - answerone who must defend himself in some action of law. In criminal
proceedings, the accused. In criminal surety bonds, the principal
Collateralize - answerto make secure with collateral
Misrepresentation - answerFalse statement made during the period of inducement to
sign a contract
Build-Up-Fund (BUF) - answerA fund which is held in trust for the limited surety agent
by the surety company and into which a portion of all bond premiums are paid. This
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