Which of the following statements is true about the Uniform Commercial Information Transactions Act (UCITA)?
A)UCITA was adopted by the UCC.
B)All states have adopted UCITA.
C)In 2001,Virginia became the first state to enact UCITA,probably because major Internet-related companies are headquartered in Northern Virginia.
D)UCITA applies to physical goods,like the UCC.
E)Unlike the UCC,states can decide whether or not to adopt UCITA.

Question

Quizplus · Accepted Answer

A)The National Conference of Commissioners on Uniform State Laws NCCUSL)
has adopted the Uniform Commercial Information Transactions Act UCITA).This law promises to do for electronic contracting what the UCC did for transactions in physical goods: protect consumers by providing predictability,uniformity,and clear rules.As with the UCC,states will choose whether to adopt UCITA.In 2001,Virginia became the first state to enact UCITA,probably because major Internet-related companies e.g. ,AOL,UUNET Technologies)are headquartered in northern Virginia.
B)The National Conference of Commissioners on Uniform State Laws NCCUSL)has adopted the Uniform Commercial Information Transactions Act UCITA).This law promises to do for electronic contracting what the UCC did for transactions in physical goods: protect consumers by providing predictability,uniformity,and clear rules.As with the UCC,states will choose whether to adopt UCITA.In 2001,Virginia became the first state to enact UCITA,probably because major Internet-related companies e.g. ,AOL,UUNET Technologies)are headquartered in northern Virginia.
C)The National Conference of Commissioners on Uniform State Laws NCCUSL)has adopted the Uniform Commercial Information Transactions Act UCITA).This law promises to do for electronic contracting what the UCC did for transactions in physical goods: protect consumers by providing predictability,uniformity,and clear rules.As with the UCC,states will choose whether to adopt UCITA.In 2001,Virginia became the first state to enact UCITA,probably because major Internet-related companies e.g. ,AOL,UUNET Technologies)are headquartered in northern Virginia.
D)The National Conference of Commissioners on Uniform State Laws NCCUSL)has adopted the Uniform Commercial Information Transactions Act UCITA).This law promises to do for electronic contracting what the UCC did for transactions in physical goods: protect consumers by providing predictability,uniformity,and clear rules.As with the UCC,states will choose whether to adopt UCITA.In 2001,Virginia became the first state to enact UCITA,probably because major Internet-related companies e.g. ,AOL,UUNET Technologies)are headquartered in northern Virginia.

Which of the Following Statements Is True About the Uniform