One of the Difficulties Presented by the Instantaneous Nature of Electronic

question 7

True/False

One of the difficulties presented by the instantaneous nature of electronic transactions is that, while efficiency is greatly improved, the transfers are irrevocable.

---

Definitions:

Licensing Requirements

Standards and conditions that individuals or entities must meet to legally operate or perform certain activities within a jurisdiction.

State Bar Associations

Professional organizations that license, regulate, and discipline lawyers, setting standards for legal practice in a particular state.

Regulation

Rules or directives made and maintained by an authority to manage and control behaviors or processes.

United States Supreme Court

The highest court in the United States, with ultimate judicial authority to interpret and decide upon questions of federal law and the U.S. Constitution.