Asked by DeNae Schoel on Jun 30, 2024
Verified
The Uniform Electronics Transactions Act was promulgated in 1999. Which of the following is not correct in regard to the UETA?
A) It applies only to transactions between parties each of which has agreed to conduct transactions by electronic means.
B) It protects electronic signatures and contracts from being denied enforcement because of the statute of frauds.
C) It requires all transactions between banks to be electronic.
D) It gives full effect to electronic contracts and develops a uniform legal framework for their implementation.
Uniform Electronics Transactions Act
Legislation that provides legal framework and recognition for electronic signatures and records in commerce.
Electronic Signatures
Digital forms of signatures used to validate the integrity and authenticity of a digital document, message, or transaction.
Legal Framework
The structure of laws, regulations, and legal institutions that guide how a society operates, protects rights, and administers justice.
- Identify situations where the Uniform Electronic Transactions Act (UETA) and Electronic Signatures in Global and National Commerce Act (E-Sign) apply.
Verified Answer
Learning Objectives
- Identify situations where the Uniform Electronic Transactions Act (UETA) and Electronic Signatures in Global and National Commerce Act (E-Sign) apply.
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