Under the Uniform Computer Information Transactions Act,what Would Be the Result

question 56

Multiple Choice

Under the Uniform Computer Information Transactions Act,what would be the result if an electronic agent agrees to a click-wrap agreement?

• A) The user of the electronic agent would not be liable for the agreement.
• B) The user of the electronic agent would be liable for the agreement only if the evidence established that the user had an opportunity to look over the agreement and cancel it within a reasonable length of time.
• C) The use of the electronic agent would be liable for the agreement.
• D) The user of the electronic agent would be liable for the agreement only if the user was a merchant in respect to goods or services of the type purchased by the agreement.

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Definitions:

Cash Flow Hedge

A form of hedge accounting that aims to reduce the exposure to variability in cash flows related to a specific risk.

Foreign Currency Option

A financial derivative that gives the holder the right, but not the obligation, to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.

Fair Value

The cost at which one could sell an asset or assume a liability in a structured exchange with market participants on the valuation date.