In a State That Had Adopted the Uniform Electronic Transactions

question 8

Multiple Choice

In a state that had adopted the Uniform Electronic Transactions Act,Kiera and Ben entered into a contract whereby Ben would clean Kiera's house once a week for eighteen months for $75 per week.The transaction was done electronically,and both Kiera and Ben signed through the use of an electronic signature.Unfortunately,problems resulted when Ben failed to show up as scheduled.Ben told Kiera that the contract was not good because his signature was made electronically.Kiera told him that he was wrong and that he needs to get up to date with the modern age.Which of the following is correct regarding the dispute?

• A) Ben is correct because electronic signatures are not recognized as valid under any circumstances.
• B) Ben is correct only if Kiera's name was typed as opposed to being shown in handwriting-style (cursive)form.
• C) Kiera is correct that the signature is sufficient only if she can show that she and Ben had previously engaged in electronic transactions.
• D) Kiera is correct that her electronic signature is sufficient.

Understand the concept of consumer behavior and decision-making in the context of utility maximization.

Analyze the impact of changes in prices and income on consumer choices and welfare.

Comprehend the theory of indifference curves, budget constraints, and optimization in consumption choices.

Evaluate the effects of government policies on consumer choices and welfare.

---

Definitions:

Treasury Notes

Intermediate-term U.S. government debt security with a maturity of 1 to 10 years and pays interest every six months.

Maturity at Issue

The predetermined date when a financial instrument, such as a bond, will come due and the principal is to be paid back to investors.

Default Risk

The potential risk that an issuer of a bond or other debt security will be unable to make principal and interest payments when due.

Collateral Trust Bond

A type of bond that is secured by a pledge of collateral, typically securities, placed under the trust of a third party.