E-Sign Was Enacted by Congress in 2000 and Makes Electronic

question 1

True/False

E-Sign was enacted by Congress in 2000 and makes electronic records and signatures valid and enforceable across the United States for many types of transactions in or affecting interstate or foreign commerce.

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Definitions:

Liability

A company’s legal financial debts or obligations that arise during the course of business operations.

Cash Payment

A transaction where payment for goods or services is made immediately using cash or a cash equivalent, as opposed to credit.

Depositor's Bank Account

A bank account held by an individual or entity, reflecting the current balance of their deposited funds.

Interest Earned

The income received from investment assets before taxes taken on interest-bearing accounts, loans, or bonds.