The Electronic Contracts Containing Electronic Signatures Are Just as Enforceable

question 22

Multiple Choice

The electronic contracts containing electronic signatures are just as enforceable as those that are printed on paper is a statement made by a federal statute called the:

• A) Sherman Antitrust Act of 1890.
• B) Global Anti-Semitism Review Act of 2004.
• C) Digital Millennium Copyright Act of 1998.
• D) Electronic Signatures in Global and National Commerce Act of 2000.

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Definitions:

Compounded Annually

A method of calculating interest where the amount earned is added to the principal at the end of each year, so that the interest for the next year is calculated on the increased principal.

Interest

The charge for borrowing money or the return on investment for funds on deposit, expressed as a percentage of the principal.

Withdrawals

The act of taking out funds from an account, trust, or deposit.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.