Multiple Choice
Which of the following best describes the term "recognizance"?
A) It refers to the conditions of a formal or simple contract that an adult signs with a minor.
B) It refers to the obligations that people enter into before a court to do an act required by law.
C) It refers to the penalties that a party faces if the party fails to honor the obligations of a contract.
D) It refers to negotiable instruments such as checks, notes, drafts, and certificates of deposit.
Correct Answer:
Verified
Correct Answer:
Verified
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