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If the price of a product being sold in a perfectly competitive market increases,
Uniform Electronic Transactions Act
Legislation that establishes the legal validity and enforceability of electronic signatures and records for transactions.
Electronic Contracts
Agreements that are created, transmitted, and signed digitally, utilizing electronic means.
UETA Applies
Refers to situations where the Uniform Electronic Transactions Act is relevant, enabling the legal recognition of electronic signatures and records in transactions.
Electronic Means
The use of digital technologies and electronic devices to carry out activities, including communication, transactions, and data storage.
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