Under the E-Sign Act

question 48

Multiple Choice

Under the E-Sign Act:

• A)consumer consent need to be given only once when multiple transactions are involved.
• B)the price and procedure for withdrawing consent must be spelled out.
• C)E-businesses are permitted to impose consent withdrawal fees on consumers in all situations.
• D)a digital signature does not have the same effect as one written in ink on paper.

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Definitions:

Credit Balance

The amount residing in a financial account that signifies the sum that a financial institution owes to the customer.

Manufacturer

A business entity or individual that makes finished products from raw materials through various processes.

Service Provider

A company or an individual that offers services to others in exchange for payment, typically specializing in a specific area of work.

Perpetual System

An inventory management system that tracks the addition and subtraction of inventory with each sale and purchase in real time, providing a high level of detail and accuracy.