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Which of the Following Statements Is True About the Uniform

Question 77

Multiple Choice

Which of the following statements is true about the Uniform Commercial Information Transactions Act (UCITA) ?


A) Unlike the UCC, states can decide whether or not to adopt UCITA.
B) UCITA applies to physical goods, like the UCC.
C) UCITA was adopted by the UCC.
D) In 2001, Virginia became the first state to enact UCITA, probably because major Internet-related companies are headquartered in Northern Virginia.
E) All states have adopted UCITA.

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