Assignment:
E-mail Exchanges and Statuteof Frauds
The Uniform Electronic Transactions Act, widely adopted by state legislatures, gives electronic records and signatures the same legal power as paper documents and manually signed signatures. Under Tennessee's adoption of the Uniform Electronic Transactions Act, attorneys' exchange of e-mails setting forth proposed settlement terms to resolve a family dispute over the ownership of a parcel of land was determined to create a signed, binding agreement, satisfying the state's Statute of Frauds. See Waddle v. Elrod, 367 S.W.3d 217 (Tenn. 2012).
Questions
1. What are the advantages of allowing e-mail exchanges to satisfy the Statute of Frauds?
2. What are the disadvantages of allowing e-mail exchanges to satisfy the Statute of Frauds? Explain.