Which of the Following Statements Would Be True with Regards

question 104

Multiple Choice

Which of the following statements would be true with regards to the Uniform Electronic Commerce Act (UECA) ?

• A) A password or encryption does not authenticate an electronic document.
• B) The use of electronic documents is not allowed with regards to online purchase of goods.
• C) The UECA changes the law with respect to the requirement of written documents and signatures.
• D) A signature equivalent may be a password or some other form of encryption.
• E) An offer will be accepted and a contract formed only when the offer is sent and accepted by snail mail, and not email.

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Definitions:

Project Analysis

The process of evaluating the viability and potential return on investment of a project before committing resources to it.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.

Cash Flows

Refers to the net amount of cash and cash-equivalents being transferred into and out of a business.

Patent Rights

Legal protections granted to inventors, giving them exclusive rights to use, make, and sell their invention for a certain period of time.