If a Person Cannot Provide Bail on His or Her

question 56

Multiple Choice

If a person cannot provide bail on his or her own or cannot pay a bondsman, the accused can possibly be released

• A) on 10 percent of bail amount.
• B) on personal recognizance.
• C) on collateral.
• D) by a cosigner.

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Definitions:

Note Receivable Dishonored

Occurs when a debtor fails to fulfill the obligations of a promissory note they have issued.

Account Receivable

Account receivable is the money owed to a business by its customers for goods or services delivered but not yet paid for.

Bad Debts Expense

The cost reported by a company due to the unrecoverable credit it extended to its customers, representing expected losses from unpaid financial obligations.