The Level of Fraud in Online Transactions Is Much Lower

question 28

True/False

The level of fraud in online transactions is much lower than either in-person or telephone transactions of the same nature.

---

Definitions:

Replacement Goods

Products provided to substitute for those lost, damaged, or deemed unsatisfactory, often under a warranty or agreement.

Consequential Damages

Damages that can be claimed and are intended to compensate a party for indirect losses as a result of not fulfilling a contractual obligation.

Nonconforming Goods

Products that fail to meet the quality, specifications, or performance standards outlined in a purchase agreement.

Lost Profits

Refers to the potential earnings a business was unable to realize due to wrongful actions by another party.