Howie enters into a contract with Ida over the Internet to buy soybeans as a hedge against falling prices in corn.Neither party prints out a hard copy.Under the Electronic Signatures in Global and National Commerce Act (E-SIGN Act),this contract can
A)be "denied legal effect" if it falls under the UCC's Statute of Frauds.
B)be "denied legal effect" unless a hard copy is printed.
C)be "denied legal effect" until it is executed.
D)not be "denied legal effect" because it is only in electronic form.

Question

Quizplus · Accepted Answer

The E-SIGN Act states that electronic contracts cannot be denied legal effect solely because they are in electronic form. Therefore, the fact that the contract between Howie and Ida was entered into over the Internet and without a hard copy does not impact its legal validity.

Howie Enters into a Contract with Ida Over the Internet