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...

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...

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 ...

Pact de non Alienando - ANSWER-Clause contained in the mortgage or other encumbrance agreement whereby the obligor agrees not to sell, engage, alienate or mortgage the same property to other persons to the prejudice of the mortgage Corporate Resolution - ANSWER-An official written certificate of the corporations secretary that the resolution was adopted by the corporations board of directors Confession of Judgment - ANSWER-A person's agreement in a mortgage to the entry of judgment if he ...

Louisiana 45-Hour Salesperson Post-License Course Exam 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 contrac...

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...

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...

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...

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 ...

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 ...