Which of the Following Is a Minimum Provision That Should

question 92

Multiple Choice

Which of the following is a minimum provision that should be included in an e-contract?

• A) a statement of how the goods are to be paid for by the buyer
• B) a statement of how and when the goods will be delivered
• C) a statement of who is the person authorized to take delivery
• D) a statement of the seller's permit to produce and sell goods

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Definitions:

Validity

Validity refers to the state of being legally sound, effective, or binding; it is the quality of conforming to law or fact.

Handwritten Instrument

A legal document that is manually written by hand rather than typed or printed.

Negotiable

Pertains to documents or instruments that are transferable from one person to another through endorsement or delivery, thereby allowing the holder to take title.

Nonnegotiable

A term describing instruments or securities that cannot be transferred or assigned to another party.