FLORIDA BAIL BONDS EXAM<\/p>\n\n\n\n
JOE, A BAIL BONDSMAN RECEIVED A CALL FROM A
DEFENDANT WHO WANTS TO BE BONDED OUT OF JAIL. JOE
IS OUT OF STATE ON A PICK-UP AND CALLED BOBBY, HIS
NEIGHBOR WHO IS ALSO A BAIL BONDSMAN TO POST THE
BOND. JOE AGREES THAT HE WILL DIVIDE THE PREMIUM
60%\/ 40% WITH THE 60% GOING TO BOBBY. WHICH OF THE
FOLLOWING IS CORRECT;
a) This is allowable under the statute once the insurance company is paid
b) A bail bond agent may not divide with others, or share with any
commissions payable on account of any bail bond
c) Both A and B is correct
d) None of the above is correct – ANSWER- a) This is allowable under
the statute once the insurance company is paid
MICHELLE, A BAIL BONDSMAN RECENTLY OPENED A BAIL
BOND AGENCY AND EMPLOYED A PRIMARY AGENT TO
SUPERVISE THE OFFICE. MICHELLE NAMES THE COMPANY
“FREE RELEASE BAIL BONDS.” WHICH OF THE FOLLOWING IS
CORRECT.<\/p>\n\n\n\n
a) This is allowed under Florida statute
b) A bail bond agent may not use any advertisement or advertise under
any name that includes the word free.
c) A defendant can be released on a surety bond without the payment of
a premium.
d) None of the above is correct. – ANSWER- b) A bail bond agent may
not use any advertisement or advertise under any name that includes the
word free.
COURTNEY WRITES BONDS FOR SIX DIFFERENT BAIL BOND
AGENCIES. HE ADVERTISES AS “FLORIDA ALL COUNTY BAIL
BONDS” AND LISTS HIMSELF AS THE PRESIDENT ON HIS
BUSINESS CARDS. WHICH OF THE FOLLOWING IS CORRECT:
a) A bail bond agent may not advertise under a trade name unless the
name and address appears on the agent’s letterhead.
b) This is allowed under Florida statute once he advises the department.
c) Both A and B above are correct
d) None of the above are allowed – ANSWER- a) A bail bond agent may
not advertise under a trade name unless the name and address appears on
the agent’s letterhead.
WHICH OF THE FOLLOWING IS INCORRECT;
a) A temporary licensee may execute of sign bonds, handle collateral
receipts, or deliver bonds to appropriate authorities.<\/p>\n\n\n\n
b) A temporary licensee may operate an agency or branch agency
separate from the location of the supervising bail bond agent
c) Both A and B above are incorrect
d) None of the above is correct – ANSWER- c) Both A and B above are
incorrect<\/p>\n\n\n\n
A CONTRACT IS SAID TO BE UNENFORCEABLE IF FRAUD
EXISTS. WHAT SHOULD BE CONSIDERED?
a) The terms of the contract
b) Motives and intentions exercised in forming the contract
c) Any possible failure that injures the security of the contract in any
way
d) All of the above are considered – ANSWER- d) All of the above are
considered
IF A CONTRACT IS SIGNED BY EITHER OF THE INVOLVED
PARTY WITH THE UNDERSTANDING THAT IT WAS
SOMETHING ELSE OTHER THAN WHAT THE CONTRACT WAS
INTENDED, WHAT ACTIONS CAN BE TAKEN:
a) No action can be taken
b) Contract still has to be enforced
c) This results in failed execution fraud. This voids the contract
d) All of the above can be taken. – ANSWER- c) This results in failed
execution fraud. This voids the contract
IF ONE PARTY MAKES A FALSE STATEMENT, CLAIM OR
DECLARATION WITH THE INTENT OF INDUCING THE OTHER
TO SIGN THE CONTRACT, WHAT HAPPENS?
a) Fraud in the execution<\/p>\n\n\n\n
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