Question

Case 8-1
Andrew was arrested and charged with second degree murder. His family was able to gather enough money to retain a well-respected criminal defense attorney. His attorney believes that it is very important to get Andrew out of jail on bail so he can assist him with his defense. The community prefers that he remain in custody.
Once the judge set Andrew's bail at $1.5 million, Andrew's family contacts a bail bond agent. What percentage of the cash bail will the bail bond agent usually request in order to post a bail on Andrew's behalf?
a. 5%
b. 10%
c. 20%
d. 25%

Answer

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