A promissory note cannot be scanned into an electronic note and have the electronic version qualify as a negotiable instrument under:
A)the Uniform Electronic Transactions Act.
B)the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act.
C)the Uniform Commercial Code.
D)the Uniform Commercial Code and the Electronic Signatures in Global and National Commerce Act.

Question

Quizplus · Accepted Answer

The Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act both explicitly exclude items governed by Article 3-Negotiable Instruments of the Uniform Commercial Code.Thus,one cannot scan a promissory note into an electronic note and have the electronic version qualify as a negotiable instrument.

A Promissory Note Cannot Be Scanned into an Electronic Note