Under the Uniform Computer Information Transactions Act (UCITA),what Would Be

question 59

Multiple Choice

Under the Uniform Computer Information Transactions Act (UCITA) ,what would be the result if an electronic agent agrees to a click-wrap agreement?

• A) The user of the electronic agent would not be liable for the agreement.
• B) The user of the electronic agent would be liable for the agreement only if the evidence established that the user had an opportunity to look over the agreement and cancel it within a reasonable length of time.
• C) The use of the electronic agent would be liable for the agreement.
• D) The user of the electronic agent would be liable for the agreement only if the user was a merchant in respect to goods or services of the type purchased by the agreement.

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Definitions:

Product Differentiation

The act of setting a product or service apart from others in order to increase its appeal to a designated target market.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and product differentiation.

Long-Run Demand Curve

A graphical representation showing the relationship between the quantity demanded of a good and its price over a long time period, considering adjustments in factors other than price.

Monopolistic Competitor

Refers to a market structure where many firms sell products that are similar but not identical, each having some control over its price due to product differentiation.