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Rather Than Change Existing Contract Law, in 1999 the _____

question 19

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Rather than change existing contract law, in 1999 the _____ adapted existing "paper and pencil" concepts to the electronic age, meaning that it makes electronic records equivalent to written documents and electronic signatures similar to handwritten signatures for legal purposes.


Definitions:

Price

The financial sum expected, needed, or handed over in exchange for an item.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specific period of time.

Profitable

Capable of generating financial gain or benefits exceeding costs, making a venture worthwhile.

Price

The amount of money required to purchase a good, service, or asset, often determined by supply and demand dynamics in the market.

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