Which of the following is generally true about contracts covered by the Uniform Electronic
Transactions Act?
A) Electronic signatures are considered equivalent to handwritten signatures for meeting the
Statute of Frauds requirements.
B) E-mail contracts cannot meet the Statute of Frauds requirements for a writing.
C) An e-mail printout is not admissible as evidence due to the ease with which a printout
can be fabricated.
D) Electronic signatures have been held to be sufficient for contracts not required to be in
writing under the Statute of Frauds, but not for meeting the Statute of Frauds signature
requirement.
A
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The over-the-counter market is
A) the New York Stock Exchange. B) an organized stock exchange. C) a physical place where securities are bought and sold. D) an intangible market for unlisted securities. E) where commodities futures are bought and sold.
Which of the following is an example of reintermediation?
A) The diamond card of the Futilery Centriono, is issued by invitation only to customers who spend more than $250,000 a year on their shopping card. B) Nanny Duke, a baby products manufacturing company, acquires a list of parents-to-be and showers them with samples of diapers and other baby products to capture a share of their future purchases. C) Kambo, a fashion apparel company that deals directly with customers to sell its products, adds retailers to its supply chain to cater to its target audience in remote geographic locations. D) Rusicwood, a furniture manufacturing firm, starts selling directly to its customers after experiencing a dip in sales due to channel conflicts between retailers. E) Donuts Haven, a fast food chain, expands its menu beyond breakfasts by adding hearty snacks that substitute meals in order to provide competition to the other food chains in the area.