Order Processing Corporation and Pinpoint Data, Inc

question 15

Multiple Choice

Order Processing Corporation and Pinpoint Data, Inc., enter into a con?tract online in a state that has enacted an unmodified version of the UETA. With regard to the E-SIGN Act

• A) the E-SIGN Act does not preempt this version of the UETA.
• B) the E-SIGN Act preempts this version of the UETA.
• C) the "fit" between the acts is an issue for a court to determine.
• D) the two acts "cancel" each other's application.

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Definitions:

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's cost.

Nominal Rate

the interest rate before adjustments for inflation, often cited in loan and savings agreements.

Compounded Annually

Interest on a loan or investment is calculated once a year, with each year’s interest added to the principal for the subsequent year’s interest calculation.

Compounded Annually

The process of earning interest on an investment where the accrued interest is added to the principal sum once per year.