Hi, please check my HW 7. An e-record is considered received under the UETA only

Question

Hi, please check my HW

7. An e-record is considered received under the UETA only if a person is aware of its receipt. True or False My Answer: False

8. The UETA covers e-records and e-signatures relating to a transaction. True or False My Answer: True

9. Useful Properties, Inc., mails a flyer to hundreds of firms, advertising a piece of land for sale. Texas Manufacturing Company responds by saying, “We accept your offer.” Between UPI and TMC, there is:

A .a contract for the sale of the land.

B. a contract to consider the offer before any others.

C. a contract to negotiate a sale of the land.

D. no contract.

My answer: D

10. Madeline offers to sell her computer programming business to Megann for $100,000. Megann replies, “It’s not worth that much. I will buy it for $90,000.” Megann has

A. accepted the offer if Madeline agrees.

B. made a counteroffer without rejecting the offer.

C. rejected the offer and made a counteroffer.

D. rejected the offer without making a counteroffer.

My Answer: C

Explanation / Answer

7. False - According to UETA, an e record is considered received as it moves into recipient's processing system, irrespective of any person being aware of its receipt.

8. True. The e record and e signatures are covered by UETA.

9. D. There is no contract as there is no consideration.

10. C Megann has rejected the offer to purchase the item for 100000 and made a counteroffer to buy it for 90000.

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