Asked by Alexis Singleton on May 07, 2024

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Verified

The Uniform Commercial Information Transactions Act is federal law,binding on all states within the United States.

Federal Law

Laws passed by the national government that are supreme over state laws and apply throughout the entire country.

  • Differentiate between federal law and the Uniform Commercial Code in governing transactions.
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Verified Answer

SA
Shrooq AlshamsMay 14, 2024
Final Answer :
False
Explanation :
The Uniform Commercial Information Transactions Act (UCITA)promises to do for electronic contracting what the Uniform Commercial Code (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 are headquartered in northern Virginia.