Author Question: A recognizance is an agreement by which one party admits or recognizes that a specified sum of money ... (Read 15 times)

Awilson837

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A recognizance is an agreement by which one party admits or recognizes that a specified sum of money is owed to another party.
  Indicate whether the statement is true or false

Question 2

A contract for an amount greater than 1 million must be made under seal or it is not binding.
  Indicate whether the statement is true or false



Yixagurpuldink

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Answer to Question 1

FALSE

Answer to Question 2

FALSE



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