Under the Uniform Computer Information Transactions Act,which of the Following

question 33

Multiple Choice

Under the Uniform Computer Information Transactions Act,which of the following is true regarding contracts that need to be authenticated?

• A)All covered contracts must be authenticated.
• B)Authentication can occur only with a hand signature.
• C)To be enforceable,both parties must have authenticated the contract.
• D)Authentication may be shown using an attribution procedure.
• E)The same authentication rules apply regardless of whether the parties are merchants or nonmerchants.

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Definitions:

Unsecured Creditors

Creditors who have lent money without taking any collateral, meaning they have no specific claims on assets of the debtor in case of default.

Federal Crime

A violation of laws passed by the United States Congress and punishable by the federal government.

Conceals Assets

The act of hiding assets or property intentionally from creditors, courts, or other parties to avoid seizure or legal judgments.

Federal Tax Returns

Official documents filed with federal agencies to report income, calculate taxes owed, and document tax payments or refunds for a specified year.