Obligor - Study guides, Class notes & Summaries

Bail Bonds Louisiana Exam Set Question & Revised Correct Answers Acquit - ANSWER- to set free:to judicially discharge from an acquisition;to clear (a person) 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...

BAIL BONDS LOUISIANA EXAM WITH CORRECT QUESTIONS AND VERIFIED ANSWERS DETAILED ANSWERS) 100% CORRECT ANSWERS, 2024 Acquit Correct Answer to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement Correct 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 obli...

When defendants feel that a trial court has made a error or to harsh of a sentence. They notify the trial court of their appeal and file appeals with a higher court. - Answer-Appeal bond Guarantee the defendant will appear each and every time he/she is ordered to do so. - Answer-Bail bond Two party contact between the insurer and the insured. - Answer-insurance policy Three party contract. Obligee, obligor and surety. - Answer-Surety contract the person to whom a duty, or obligation, is ow...

Obligation - ANSWER A legal relationship in which a person (the obligor) becomes bound to perform in another person's (the obligee's) favor Contract - ANSWER An agreement between two or more parties that creates, modifies, or extinguishes obligation(s) Synallagmatic/bilateral contract - ANSWER A contract that obligates both parties Unilateral contract: A contract that only obligates one party Onerous contract: - ANSWER A contract in which each party obtains an advantage in exchange f...

2 SUGGESTED ANSWERS TO ASSIGNMENTS Question 1 Distinguish between credit risk assessment and credit risk measurement. (10) Suggested Answer Credit risk assessment Is a credit management process that seeks to identify and control risks by determining the borrower’s probability of repaying the debt√. Through credit analysis, an assessment is made of the borrower’s income, balance sheet, and cash flow statements, along with character, capacity, and capital adequacy, all of which are ...

Bail bond test 1 questions and answers already passed crime of the state which is correct the Governor is the obligee which of the following refers to the party to whom an obligation is owed the obligee who is the obligee in a contract of bail when the crime is against the state Governor of the state what does extradition mean latin to deliver out can a appearance bond to be continued when the defendant is appealing the decision of the court no the bond cannot be continued.a new bond must be...

The transfer of a contract right to a third party is known as a(n): - assignment. A(n) __________ is a substitution for an old contract with a new one that either replaces an existing obligation with a new obligation with a new obligation or replaces an original party with a new party. - novation When a contract is intended to benefit a third person, such a person is a(n): - intended beneficiary. A(n) __________ is an intended beneficiary of a contract who receives the benefits of the contr...

Ch. 15 Contracts in Writing - correct answer Try to avoid verbal contracts. Terms of a written contract do not change overtime, while parties' recollections of oral contract terms might. Parol Evidence Rule - correct answer Protects a written contract from allowing parties to introduce any evidence in a lawsuit that would alter, modify, or vary the terms of the written contract. Statute of Fraud ...

All Florida County Bail Bonds Exam Questions & Answers | 100% Correct | Latest Update 2024/2025 WHO REGULATES INSURANCE COMPANIES AND INSURANCE AGENTS IN FLORIDA? a) Bail Bond Regulatory Department of Florida b) Chief Financial Officer c) Lexington Insurance Company d) None of the Above b) Chief Financial Officer WHAT IS THE NAME OF THE PERSON IN CHARGE OF THE DEPARTMENT OF FINANCIAL SERVICES; a) Jebb Bushwater b) Jimmy Patronis c) Jeff Atwater d) None of the above b) Jimmy ...

How to approach on the exam? correct answer: o (1) Call of the question o (2) Identify and classify the property at issue o (3) Determine which parties have or claim an interest in the collateral o (4) For each security interest, assess: § Attachment - has SI attached? To which collateral? When? § Perfection - has secured party perfected SI? When? How? o (5) Find and apply appropriate rule to the facts to resolve the dispute Vocabulary correct answer: o Security Interest - an intere...