What is a recognizance?
A. a sealed document that contains a formal contract whose contents are known to both parties and the referee who supervised its signing
B. a party's agreement to pay a sum of money if another person does not pay it
C. a party's acknowledgement in court that he or she is not liable to pay money if a certain event occurs
D. a sealed document that contains an informal contract whose contents are known only to the parties
Answer: B
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Answer the following statement true (T) or false (F)