Bill and Stacy Enter into a Contract That Falls Within

question 18

Multiple Choice

Bill and Stacy enter into a contract that falls within the provisions of the UETA.Under the UETA,"information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form" is

• A)an e-document.
• B)an e-signature.
• C)an e-transaction.
• D)a record.

---

Definitions:

Demand

The capacity of consumers to purchase goods or services at a range of prices within a given time interval, reflecting their willingness and financial ability.

Hybrid Automobile

A vehicle that uses two or more distinct types of power, such as an internal combustion engine plus an electric motor, to achieve better fuel efficiency and lower emissions than conventional vehicles.

Market for Gasoline

The supply and demand interaction for gasoline, determining its price in the market.

Equilibrium Price

Equilibrium price is the price at which the quantity of goods demanded by consumers matches the quantity of goods supplied by producers, resulting in a market balance where there is neither excess supply nor excess demand.