Author Question: A recognizance is an agreement by which one party admits or recognizes that a specified sum of money ... (Read 43 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
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

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

FALSE

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library