Under the Uniform Electronics Transactions Act,e-Agents May Enter into Binding

question 28

True/False

Under the Uniform Electronics Transactions Act,e-agents may enter into binding agreements on behalf of their principals.

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Definitions:

No-par Value

Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.

Legal Capital

The minimum amount of capital that a company must maintain as required by law, often to protect creditors.

Dividend Rate

The total dividends declared by a company over a period, usually a year, divided by the number of outstanding shares.

Preferred Shares

A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.