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

Question

Quizplus · Accepted Answer

A recognizance arises when a person acknowledges in court that he or she will perform some specified act or pay a price upon failure to do so.

A[n] _______________ Arises When a Person Acknowledges in Court That