Question: Under the UETA, if a party does not follow the security procedures and then fails to detect an error, what happens? The contract becomes void.

 Under the UETA, if a party does not follow the security

Under the UETA, if a party does not follow the security procedures and then fails to detect an error, what happens? The contract becomes void. The party who did not follow the procedures can the effect of the error. The party who followed the procedures can avoid the effect of the error, The contract becomes a quasi-contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!