Which of the Following Statements Regarding Online Transactions Is True

question 34

Multiple Choice

Which of the following statements regarding online transactions is true?

• A) Electronic contracts are unenforceable unless also reduced to writing
• B) Common law has set precedents for entering into contracts online
• C) Clicking "I Accept" may constitute valid acceptance of a contract
• D) Entering into contracts online negates the need to satisfy all elements of a contract

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Definitions:

Goodwill

An intangible asset reflecting the excess value of a business above its net tangible assets, often arising from acquisitions.

Consolidated Balance Sheet

A financial statement showing the combined assets, liabilities, and equity of a parent company and its subsidiaries.

Acquisition Method

An accounting technique used to consolidate the financial statements of a parent company and its subsidiaries.

Monetary Assets

Assets that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.