Readonly textarea and popup window

Hi! I have two questions

I'm trying to add a "Privacy Policy" textarea in my form.
If i put inside the textarea a placeholder with privacy policy text, it obviously disappears when I click inside the field.
Is it possible to add the "read only" property to a textarea?

I have a link in my page bottom text to show the Privacy Policy text. Is it possible to open the link in a modal popup window?

My Joomla! version is the 2.5.14

Thanks in advance for your help.

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