Which of the Following Governs Consumer Fund Transactions in Electronic

question 50

Multiple Choice

Which of the following governs consumer fund transactions in electronic fund transfers?

• A) The Electronic Fund Transfer Act of 1978.
• B) The Automated Transfer Act of 1990.
• C) The Electronic Banking Act of 2000.
• D) The Automated Fund Transfer Regulation of 2002.
• E) The Uniform Money Services Business Act of 1990.

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Definitions:

Dispatch

The act of sending something or someone to a specific destination or for a certain purpose.

Acceptance

The act of agreeing to receive something offered or the acknowledgment of a new contractual proposal.

Predominant-Purpose Test

A legal test used to determine the primary objective or nature of a contract when it serves multiple purposes, impacting enforcement and interpretation.

Service-Warranty Test

An assessment used to determine whether a warranty offers a promise to repair or replace a product, or a promise of a specific level of performance.