When hearing someone talking about the uniform electronic transaction law, also known as the UETA, you automatically think of transaction. A transaction is anything related to two or more people engaging in the process of buying and selling. A UETA is actually related to transaction, but it does not cover all writings and signatures, yet it only covers electronic records and electronic signatures, but with the condition that it has to be related to transaction. UETA was first established in 1999 and approved by the National Conferences of Commissioners and was also known to be the first prepared state law to create a uniform law that would be relevant to e-commerce. In addition, it was the first nation effort to give uniform laws to govern transactions. The purpose of UETA was to remove the barriers to e-commerce, by means of giving electronic records and signatures equal legal efforts. However, it was not to create a new legal system for electronic marketplace. The objective was to make transaction enforceable like the ones on paper. The agreement can be …show more content…
Also, both of them were passed down by the Congress, as E-Sign was set forth a year after the UETA was set for adoption for the states to adopt. However, the main differences between the two are the governance. The E-Sign Act is a law that has been passed down by the congress, in order to assist the progress of using electronic records and signatures. Whereas, the UETA was adopted on State by Sate basis, it was later adopted by forty-seven states. Another difference between them is that in the E-Sign Act, the parties must have an understanding or an agreement before entering the electronic transaction. On the other hand, both parties must have some sort of agreement made for an e-signature to be legally valid. Also, as mentioned before, the parties can withdraw before the transaction is