M&A Modeling Wall Street Prep Full Questions &
Answers 2025 A+, Guaranteed Pass
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; 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
The Surety - ANSWER the 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 - ANSWER A 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 - 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 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 - 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
, False Swearing - 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 legal age and in no way mentally impaired
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
Answers 2025 A+, Guaranteed Pass
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; 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
The Surety - ANSWER the 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 - ANSWER A 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 - 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 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 - 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
, False Swearing - 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 legal age and in no way mentally impaired
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
