UETA covers e-records and signatures relating to transaction

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Reference no: EM132208816

1. Under federal law, an electronic signature can be as valid as a signature on paper. True or False

2. An acceptance sent by means not expressly or impliedly authorized is not effective until it is received. True or False

3. An offeror must have a serious intention to become bound by the offer. True or False

4. If an offeror does not expressly authorize a certain mode of acceptance, then acceptance may be made by any reasonable means True or False

5. Under the mailbox rule, an acceptance takes effect at the time it is sent. True or False

6. The UETA does not apply to a transaction unless the parties agreed to conduct the transaction electronically. True or False

7. An e-record is considered received under the UETA only if a person is aware of its receipt. True or False

8. The UETA covers e-records and e-signatures relating to a transaction. True or False

9. Useful Properties, Inc., mails a flyer to hundreds of firms, advertising a piece of land for sale. Texas Manufacturing Company responds by saying, “We accept your offer.” Between UPI and TMC, there is:

A .a contract for the sale of the land.

B. a contract to consider the offer before any others.

C. a contract to negotiate a sale of the land.

D. no contract.

10. Madeline offers to sell her computer programming business to Megann for $100,000. Megann replies, “It’s not worth that much. I will buy it for $90,000.” Megann has

A. accepted the offer if Madeline agrees.

B. made a counteroffer without rejecting the offer.

C. rejected the offer and made a counteroffer.

D. rejected the offer without making a counteroffer.

Reference no: EM132208816

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