Point-And-Click Is a Valid Means of Forming a Contract If

question 46

True/False

Point-and-click is a valid means of forming a contract if the parties had adequate knowledge of the terms and conditions of the agreement in advance.

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Definitions:

Express Authority

Explicit permission granted to an agent by a principal to perform certain acts or transactions.

Partnership Agreement

A legally binding contract that outlines the terms of a partnership, such as division of profits and losses, responsibilities of partners, and procedures for resolving disputes.

Right of Contribution

A legal principle that allows a person who has discharged a debt or obligation which was owed by several parties jointly to claim a proportionate reimbursement from the other parties.

Partnership Losses

Financial deficits incurred by a partnership due to its business operations, shared among its partners according to their agreement.