BAIL BONDSMAN TEST 4 FULL REVISION
NOTES WITH CRIMINAL JUSTICE SYSTEM AND
SURETY BONDING CONCEPTS
◉ With a ______ contract the covenants to the contract may remain
partially or completely unfulfilled.
Answer: Executory
◉ Insurance contracts are ______, meaning the promise of a party is
exchanged for a specific act of another party.
Answer: Unilateral
◉ True or False: All insurance contracts are conditional
Answer: True
◉ What refers to an event that can cancel a right?
Answer: A condition precedent
◉ True or False: A breach of warranty can usually provide sufficient
ground for voiding the contract
Answer: True
, ◉ In the context of insurance, the major elements of a contract
include:
Answer: Offer, acceptance, consideration, competent parties and
legal purpose
◉ To void a contract due to misrepresented information provided by
the insured, the information involved must be _________.
Answer: Oral or written
◉ Impersonation is _________.
Answer: false pretenses
◉ Material misrepresentation always involves_________.
Answer: A misstatement made during the insurance application.
◉ True or False: Policy cancellation and rescission are the same
thing
Answer: False
◉ A criminal suspect may be granted ____ release such that no bail
money needs to be paid and that no bond needs to be posted.
Answer: Own recognizance
NOTES WITH CRIMINAL JUSTICE SYSTEM AND
SURETY BONDING CONCEPTS
◉ With a ______ contract the covenants to the contract may remain
partially or completely unfulfilled.
Answer: Executory
◉ Insurance contracts are ______, meaning the promise of a party is
exchanged for a specific act of another party.
Answer: Unilateral
◉ True or False: All insurance contracts are conditional
Answer: True
◉ What refers to an event that can cancel a right?
Answer: A condition precedent
◉ True or False: A breach of warranty can usually provide sufficient
ground for voiding the contract
Answer: True
, ◉ In the context of insurance, the major elements of a contract
include:
Answer: Offer, acceptance, consideration, competent parties and
legal purpose
◉ To void a contract due to misrepresented information provided by
the insured, the information involved must be _________.
Answer: Oral or written
◉ Impersonation is _________.
Answer: false pretenses
◉ Material misrepresentation always involves_________.
Answer: A misstatement made during the insurance application.
◉ True or False: Policy cancellation and rescission are the same
thing
Answer: False
◉ A criminal suspect may be granted ____ release such that no bail
money needs to be paid and that no bond needs to be posted.
Answer: Own recognizance
