Which of the Following Statements Is True About ESIGN

question 55

Multiple Choice

Which of the following statements is true about ESIGN?

• A)Documents produced electronically are legally valid,but not as valid as documents produced on paper.
• B)E-contracts are formed electronically but executed when printed and signed.
• C)ESIGN affirms e-contracts as legally valid.
• D)ESIGN is international law.
• E)ESIGN stands for the Electronic Signing In Great Numbers.

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Definitions:

Credit

Credit refers to the trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.

Net 45

A payment term indicating that the full payment is due 45 days after the invoice date.

Order Costs

Expenses related to placing an order for goods or services, including production or acquisition and delivery costs.

Carrying Cost

Expenses associated with holding inventory, including storage, handling, insurance, and opportunity costs.