In the ____ World, Customers Have Quick, Easy, and Secure

question 22

Multiple Choice

In the ____ world, customers have quick, easy, and secure access to purchasing items and paying for services through the World Wide Web.

• A)e-transactions
• B)ecommerce
• C)web commerce
• D)virtual commerce

---

Definitions:

Legally Sufficient Consideration

Value that the law recognizes as adequate to support a contract, ensuring that each party agrees to give or do something of value.

Economic Duress

A condition in which one is forced to engage in a financial transaction due to threats or pressures, rendering the agreement involuntary.

Irrevocable Offer

An offer that cannot be withdrawn or canceled by the offeror for a specified period, assuming the offeree has given some consideration in exchange for the offer's irrevocability.

Merchant

An individual or entity engaging in the selling of goods or services professionally or commercially.