With Respect to the Online Contracts, Which of the Following

question 161

Multiple Choice

With respect to the online contracts, which of the following statements is true?

• A) The Uniform Electronic Commerce Act (UECE) An offer will be accepted and a contract formed only when the offer is sent and accepted by snail mail, and not email.
• B) The Uniform Electronic Commerce Act (UECA) clearly states that an offer may be made and accepted electronically.
• C) The Uniform Electronic Commerce Act (UEC
• D) Online contracts do not require all the essential elements of a contract such as consensus, capacity, and legality.
• E) The legal status of online contracts is determined by common law.

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Definitions:

Monthly Unit Sales

The total number of units of product sold in a month, often used to monitor sales trends and performance.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net profit or loss for the business.

Dollars

A unit of currency used in various countries, including the United States, Australia, and Canada.

Margin of Safety

The difference between actual or budgeted sales and the break-even point, indicating how much sales can decline before the company incurs a loss.