Which of the following statements is true about the statute of frauds and e-commerce?
A)The Uniform Electronic Transactions Act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.
B)The Uniform Electronic Transactions Act was adopted as law in only half of all states.
C)The Uniform Electronic Transactions Act adopts the requirements of the statute of frauds regarding the validity of online transactions.
D)Statutes that addressed electronic transactions have been around for years.
E)The Uniform Electronic Transactions Act was passed in 2000.

Question

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A)Until rather recently,there weren't any statutes that specifically addressed the nature of electronic transactions.In 2000,the Uniform Electronic Transactions Act was proposed and it was subsequently adopted as law in 49 states.This act circumvents the former requirements of the statute of frauds regarding the validity of online transactions.The act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.
B)Until rather recently,there weren't any statutes that specifically addressed the nature of electronic transactions.In 2000,the Uniform Electronic Transactions Act was proposed and it was subsequently adopted as law in 49 states.This act circumvents the former requirements of the statute of frauds regarding the validity of online transactions.The act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.
C)Until rather recently,there weren't any statutes that specifically addressed the nature of electronic transactions.In 2000,the Uniform Electronic Transactions Act was proposed and it was subsequently adopted as law in 49 states.This act circumvents the former requirements of the statute of frauds regarding the validity of online transactions.The act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.
D)Until rather recently,there weren't any statutes that specifically addressed the nature of electronic transactions.In 2000,the Uniform Electronic Transactions Act was proposed and it was subsequently adopted as law in 49 states.This act circumvents the former requirements of the statute of frauds regarding the validity of online transactions.The act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.
E)Until rather recently,there weren't any statutes that specifically addressed the nature of electronic transactions.In 2000,the Uniform Electronic Transactions Act was proposed and it was subsequently adopted as law in 49 states.This act circumvents the former requirements of the statute of frauds regarding the validity of online transactions.The act reflects the decision that particular electronic transactions may constitute a "written copy" and therefore have legal significance.

Which of the Following Statements Is True About the Statute