Contract Law: Electronic Signatures & Paperless Transactions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the name of the act that became law in 2000 that allows electronic signatures to be legally binding?

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1. How does an electronic signature impact a real estate transaction?

2. How can a paperless system help a real estate agent?

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About This Quiz & Worksheet

Check your knowledge of digital transactions in contract law with this quiz and corresponding worksheet. In order to pass the quiz, you'll need to understand the importance of electronic signatures and purposes for paperless systems.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • Why electronic signatures are legally binding
  • How electronic signatures affect real estate transactions
  • Advantages of paperless systems
  • Examples of forms that may be signed electronically

Skills Practiced

  • Interpreting information - verify that you can read information regarding paperless systems and interpret it correctly
  • Making connections - understand how electronic signatures impact real estate transactions
  • Knowledge application - use your knowledge to answer a question regarding how electronic signatures are legally binding

Additional Learning

To learn more about digital transactions, review the accompanying lesson called Contract Law: Electronic Signatures & Paperless Transactions. This lesson covers the following objectives:

  • Learn previous practices for completing legal forms
  • Understand how paperless service streamlines operations
  • Know how paperless documents compare to printed signed copies
  • Define electronic signature
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