The Judge Decides to Set Andrew's Bail at $1

question 71

Multiple Choice

The judge decides to set Andrew's bail at $1.5 million. Andrew's family owns a home that is worth $1 million. They want to use this property to post Andrew's bail. What is the most likely result of this request?

• A) The judge will approve the property bond because it is close to the bail amount.
• B) The judge will approve the property bond because the value of the property must be at least half of the set bail.
• C) The judge will not approve the bail because the property is not equal to the bail amount.
• D) The judge will not approve the bail because the property is not valued at double the bail amount.

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Definitions:

Credit Sale

A business transaction in which the purchaser buys goods or services on account, agreeing to pay the seller at a future date.

Pay Later

A type of payment arrangement allowing the purchaser to buy goods or services and defer payment to a future date.

Sales Receipt

A document that records a transaction where the payment is made immediately at the time of sale.

Invoice

An invoice is a document issued by a seller to a buyer, outlining products or services provided, amounts due, and payment terms.