Multiple Choice
A[n] _______________ arises when a person acknowledges in court that he or she will perform some specified act or will pay a price upon failure to do so.
A) Contract under seal
B) Voidable contract
C) Recognizance
D) Implied-in-fact
E) Informal contract A recognizance arises when a party acknowledges in court that he or she will perform some specified act and/or pay a price on failure to do so.
Correct Answer:
Verified
Correct Answer:
Verified
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