When Written Documents Are Signed by a Party That Makes

question 1

Multiple Choice

When written documents are signed by a party that makes an unconditional promise to pay the holder of the instrument a specific sum of money on demand,or at a certain time,they are called?

• A)Formal contracts
• B)Recognizances
• C)Simple contracts
• D)Informal contracts
• E)Negotiable instruments

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Definitions:

Park Funding

Financial resources allocated for the maintenance, operation, or development of public parks and recreational areas.

Taxpayers

Individuals or entities that are subject to pay taxes to a governing body in accordance with the law, based on income or transactions.

Visitors

Individuals or groups that are visiting a place for leisure, business, or other purposes but do not reside there.

Endangered Species Act

A U.S. law aimed at protecting species threatened with extinction and their habitats.