Question 1

Clean Health Insurance,Inc.sends Kathy a health insurance termination.The health insurance termination is

Accepted Answer

A) governed by the E-SIGN Act. 
B) not governed by the E-SIGN Act. 
C) governed by Article 2 of the UCC. 
D) governed by Article 2A of the UCC. 
A) governed by the E-SIGN Act. 
B) not governed by the E-SIGN Act. 
C) governed by Article 2 of the UCC. 
D) governed by Article 2A of the UCC.

Question 2

For an offer to be effective,the offeror must have a serious intention to become bound by the offer.

Accepted Answer

A) True 
 B)False

Question 3

Under federal law,an e-signature is enforceable only if the contracting parties have agreed to use e-signatures.

Accepted Answer

A) True 
 B)False

Question 4

The mirror image rule requires an acceptance to adhere exactly to an of-fer to create a contract.

Accepted Answer

A) True 
 B)False

Question 5

Kay and Leo enter into a contract that falls within the provisions of the UETA.Under the UETA,"an electronic sound,symbol,or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record" is

Accepted Answer

A) an e-document. 
B) an e-signature. 
C) an e-transaction. 
D) a record. 
A) an e-document. 
B) an e-signature. 
C) an e-transaction. 
D) a record.

Question 6

Hi-Lite Manufacturing,Inc.,orders supplies online from Indigo Parts Company. To complete the order,the buyer is required to click on a button that says,in reference to certain terms,"I agree." This is

Accepted Answer

A) a click-on agreement. 
B) a default agreement. 
C) an attribution agreement. 
D) a shrink-wrap agreement. 
A) a click-on agreement. 
B) a default agreement. 
C) an attribution agreement. 
D) a shrink-wrap agreement.

Question 7

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

Accepted Answer

A) True 
 B)False

Question 8

Jared downloads some video games from the Internet.There is a page indicating the terms of use,but nothing that requires Jared to affirmatively indicate his consent before downloading the games.These terms are

Accepted Answer

A) a click-on agreement. 
B) browse-wrap terms. 
C) an attribution agreement. 
D) a shrink-wrap agreement. 
A) a click-on agreement. 
B) browse-wrap terms. 
C) an attribution agreement. 
D) a shrink-wrap agreement.

Question 9

Standard Purchasing Corporation and Total Sales,Inc.,enter into a part-nering agreement.Under a partnering agreement,parties agree

Accepted Answer

A) in advance to terms that apply to their future e-transactions. 
B) to become partners. 
C) to conduct transactions solely in electronic form. 
D) to resolve all disputes without involving a third party. 
A) in advance to terms that apply to their future e-transactions. 
B) to become partners. 
C) to conduct transactions solely in electronic form. 
D) to resolve all disputes without involving a third party.

Question 10

Under federal law,an electronic signature can be as valid as a signature on pa-per.

Accepted Answer

A) True 
 B)False

Question 11

Some unilateral contracts do not require that an offeror be notified of acceptance.

Accepted Answer

A) True 
 B)False

Question 12

Crafted Iron Works,Inc.,offers to design,make,and sell City Transit Agency fourteen streetcars.Crafted authorizes a particular mode of communication,but City Transit sends an acceptance via a substituted means.This acceptance is effective when it is

Accepted Answer

A) in transit. 
B) received. 
C) sent. 
D) written. 
A) in transit. 
B) received. 
C) sent. 
D) written.

Exam 9: Agreement in Traditional and E-Contracts

Clean Health Insurance,Inc.sends Kathy a health insurance termination.The health insurance termination is

For an offer to be effective,the offeror must have a serious intention to become bound by the offer.

Under federal law,an e-signature is enforceable only if the contracting parties have agreed to use e-signatures.

The mirror image rule requires an acceptance to adhere exactly to an of-fer to create a contract.

Kay and Leo enter into a contract that falls within the provisions of the UETA.Under the UETA,"an electronic sound,symbol,or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record" is

Hi-Lite Manufacturing,Inc.,orders supplies online from Indigo Parts Company. To complete the order,the buyer is required to click on a button that says,in reference to certain terms,"I agree." This is

An option contract is created when an offeror promises to hold an offer open for a specified period of time in return for a payment given by the offeree.

Jared downloads some video games from the Internet.There is a page indicating the terms of use,but nothing that requires Jared to affirmatively indicate his consent before downloading the games.These terms are

Standard Purchasing Corporation and Total Sales,Inc.,enter into a part-nering agreement.Under a partnering agreement,parties agree

Under federal law,an electronic signature can be as valid as a signature on pa-per.

Some unilateral contracts do not require that an offeror be notified of acceptance.

Crafted Iron Works,Inc.,offers to design,make,and sell City Transit Agency fourteen streetcars.Crafted authorizes a particular mode of communication,but City Transit sends an acceptance via a substituted means.This acceptance is effective when it is

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