The Uniform Electronic Transaction Act (UETA)

question 72

Multiple Choice

The Uniform Electronic Transaction Act (UETA) :

• A)has been adopted in all 50 states.
• B)has been declared unconstitutional.
• C)is the same as E-sign.
• D)none of the above

---

Definitions:

Liquidated Damages

Predetermined sum agreed upon by the parties involved in a contract to be paid as compensation in case of breach, representing an estimate of actual damages that might result from non-performance.

Unconscionable

Refers to an action or decision that is shockingly unfair or unjust, often used in legal contexts to describe contracts or practices.

Express Warranty

A clear and definitive promise or guarantee made by a seller regarding the quality or functionality of a product.

Statute of Limitations

A legal rule determining the furthest limit in time to begin legal procedures after an occurrence.