Kelby Enters into a Contract with Lara on a Social

question 34

Multiple Choice

Kelby enters into a contract with Lara on a social media network to buy her stock in Mobile Devices Corporation.Neither party prints out a hard copy.Under the Electronic Signatures in Global and National Commerce Act (E-SIGN Act) , this contract can

• A)be "denied legal effect" if it falls under UCC Article 2.
• B)be "denied legal effect" unless a hard copy is printed.
• C)be "denied legal effect" until it is signed on paper.
• D)not be "denied legal effect" solely because it is in electronic form.

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Definitions:

Breakdown Cost

The expenses incurred when a machine or system fails, including repair costs, lost productivity, and potential penalties for delayed deliveries.

Likelihood of Breakdown

The probability or chance that a system or component will fail to perform its intended function.

Component Reliability

A measure of the likelihood that a component will perform its required function under specified conditions for a certain period without failure.

Low-Intensity Bulbs

Light bulbs that emit a lower level of brightness compared to standard lighting options, often used to save energy.