Oregon 30-Hour Real Estate Law Practice Test

The Uniform Electronic Transaction Act (UETA) makes it legal for contracts to be what?

1. Signed in person

2. Signed electronically

3. Witnessed by a notary

4. Filed with the state

The correct answer is: Signed electronically

The Uniform Electronic Transaction Act (UETA) specifically allows contracts to be signed electronically, thereby providing the same legal standing to electronic signatures as traditional handwritten signatures. This recognition is critical in today's digital age where electronic transactions are prevalent across various industries, including real estate. By validating electronic signatures, UETA facilitates smoother and more efficient transaction processes, making it easier for parties to engage in contracts without the need for in-person meetings or physical paperwork. The other options—signing in person, witnessing by a notary, and filing with the state—may all be related to traditional methods of executing contracts but are not the focus of what UETA legally permits. In essence, UETA reinforces that electronic transactions are valid and enforceable agreements as long as they meet the necessary legal requirements. This helps ensure that parties can confidently enter into contracts through electronic means.