Contracts on the Internet Have Received Special Treatment by Courts

question 2

True/False

Contracts on the Internet have received special treatment by courts and do not apply the U.C.C. to transactions.

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Definitions:

Price-Inelastic

A scenario where the demand for a good or service is relatively unchanged when the price varies.

Total Revenues

The total sum of money received by a company for goods sold or services provided during a certain period.

Grains

Refers to small, hard seeds, especially the seeds of plants such as wheat, corn, oats, barley that are used for food.

Price-Elastic

describes a market condition where the demand for a product changes significantly in response to a change in its price.