Section 16
of Electronic Transactions Act
Section 16
(1)
If a prescribed security procedure or a commercially reasonable security procedure agreed to by the parties involved has been properly applied to an electronic record to verify that the electronic record has not been altered since a specified point in time, such record shall be treated as a secure electronic record from such specified point in time to the time of verification.
(2)
For the purposes of this section and of section 17, whether a security procedure is commercially reasonable shall be determined having regard to the purposes of the procedure and the commercial circumstances at the time the procedure was used, including —
(a)
the nature of the transaction;
(b)
the sophistication of the parties;
(c)
the volume of similar transactions engaged in by either or all parties;
(d)
the availability of alternatives offered to but rejected by any party;
(e)
the cost of alternative procedures; and
(f)
the procedures in general use for similar types of transactions.
Secure electronic signature.