Which of the Following Statements Is True About E-Signatures

question 16

Multiple Choice

Which of the following statements is true about e-signatures?

• A) Laws governing e-signatures are uniform throughout the country.
• B) E-signatures are not binding for contracts involving bank loans and brokerage accounts.
• C) The Electronic Signatures in Global and National Commerce Act (E-SIGN) specifies that a digital signature requires password authentication.
• D) The E-SIGN law makes e-signatures binding and allows consumers and businesses to sign contracts online.

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Definitions:

Current Assets

Current assets are all assets a company expects to convert into cash or use up within one fiscal year or operating cycle.

Manufacturer

A business entity or individual that makes finished products from raw materials through various processes, tools, and machinery, often on a large scale.

Blu-ray Disc Manufacturer

A company that produces Blu-ray discs, a digital optical disc storage format designed for high-definition video and data storage.

Costs

The monetary value that must be paid or expended to obtain goods, services, or assets, encompassing a wide range of expenses in business.