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Aug 6th, 2022
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a very good evening to you all ladies and gentlemen i am excited to welcome you to the 51st episode of the webinar series held in english organized by the seminars committee of the basl 2021 2022 on the topic of law relating to electronic transactions this webinar series is conducted on the zoom platform and for those who have not been unable to register on zoom could also join by watching the live stream on the bsl youtube channel we would like to thank the seminars committee of the basl chairman of the seminars committee mr rajeev rasuliyah convener of the seminars committee assistant secretary bsl mr passing the silva and the co-conveners mr pandulawaniyarachi mr oshan udayaratnam miss and devananda and miss nikkini mark i would i would also like to take this opportunity to thank the president of the basl mr salia peris president council and the other members of the management committee of the basl for the support and guidance given to us in organizing this webinar series todays t

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The UETA has been adopted by every state (except New York), the District of Columbia, Puerto Rico, and the Virgin Islands.
The ESIGN Act is a federal act, which means it affects people who do business online in all 50 states. The UETA, meanwhile, has been adopted on a state-by-state basis. Individual states have the option to adopt or reject the guidelines presented in the act.
Compliance with eCertainty. The Uniform Electronic Transaction Act (UETA) and the Federal Electronic Signatures in Global and National Commerce Act (ESIGN) empower electronic documents and electronic signatures to be used with the same effect as paper documents and ink signatures.
UETA provides that: a contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation. The act states that any law that requires a physical record will be satisfied by an electronic record and that any signature requirement can be met by an electronic signature.
The Uniform Electronic Transactions Act (UETA) establishes the legal equivalence of electronic records and signatures with paper writings and manually-signed signatures, removing barriers to electronic commerce.
UETA provides that: a contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation. The act states that any law that requires a physical record will be satisfied by an electronic record and that any signature requirement can be met by an electronic signature.
The act is designed to facilitate and promote commerce and governmental transactions by validating and authorizing the use of electronic records and signatures and to promote uniform electronic transaction laws among the states.
ing to the text of the act, UETA covers electronic contracts that relate to business, commercial (including consumer) and governmental matters. This means that this act does not cover any documents and electronic transactions between individuals that do not relate to business matters.

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