A movie mogul reportedly once said, “An oral contract isn’t worth the paper it’s printed on,” but is an online banking contract, signed electronically, any more solid under the new Electronic Signatures in Global and National Commerce Act than the sand in the silicon chip it’s written on?

The new law has a simple goal. In plain English, it does not matter how you make a contract. A written agreement, a clicked acceptance, and an exchange of e-mails are equally valid.

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