What Is Recognizance

What is 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 acknowledgement in court that he or she will pay a specified sum of money if a certain event occurs
C) a party's acknowledgement in court that he or she is not liable to pay any money if a certain event occurs
D) a sealed document that contains an informal contract whose contents are known only to the parties

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