The Uniform Computer Information Transactions Act (UCITA)covers Diverse Areas,such as Database

question 33

True/False

The Uniform Computer Information Transactions Act (UCITA)covers diverse areas,such as database contracts and software licensing agreements.

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Definitions:

Risks

The possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.

Duties of Insurer

The responsibilities an insurance company is bound to fulfill, including issuing policies, collecting premiums, and paying out claims.

Auto Loan

Financing specifically designed to allow individuals to purchase vehicles by borrowing money which is then paid back over time.

Loan Broker

An intermediary who assesses a borrower's needs and matches them with potential lenders, facilitating the process of obtaining a loan.