On Faxed Documents,it Is Often Difficult to Tell If a Signature

question 47

Multiple Choice

On faxed documents,it is often difficult to tell if a signature is authentic,both because clarity is a problem and also because signatures can be cut and pasted onto new documents from old documents.The Uniform Commercial Code provides that anything placed on a document with the intent to authenticate it is a binding signature for a valid contract.The UCC definition:

• A)did not anticipate the technology problems arising from the fax.
• B)will apply even in these fax situations.
• C)is a common law definition.
• D)is part of federal law.

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Definitions:

Consulting Revenues

Income generated by a firm through the provision of advisory or consultancy services.

Additional Investment

Extra funds invested into a business by its owners or shareholders over and above the initial or previous investments.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest in the company.