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Which of the Following Statements Is True About the Uniform

Question 48

Multiple Choice

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.

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