Which of the Following Allow Shoppers to Bid on Everything

question 153

Multiple Choice

Which of the following allow shoppers to bid on everything from bobble heads to health-and-fitness equipment?

• A) freemiums
• B) shopbots
• C) reverse auctions
• D) online auctions
• E) extranets

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Definitions:

UCC

The Uniform Commercial Code represents a detailed collection of regulations that oversee every commercial transaction within the United States.

Parol Evidence Rule

A legal rule that prevents the introduction of evidence of prior or contemporaneous oral and written statements to alter the terms of a written contract.

Parol Evidence Rule

A legal principle that prevents parties in a written contract from presenting external evidence that contradicts or adds to the written terms of the contract.

Written Contract

An agreement between parties that is recorded in a tangible form on paper or digitally, detailing the terms and conditions bound by law.