With Regards to Internet Transactions, an Offer Will Be Accepted

question 138

True/False

With regards to Internet transactions, an offer will be accepted and a contract formed as soon as a message is sent, and it is received as soon as it arrives on the recipient's computer, even if it is never read.

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Definitions:

Take-It-Or-Leave-It

A term describing an offer that cannot be negotiated and must either be accepted as is or rejected.

Usurious Loan

A loan given with illegally high-interest rates.

Legal Effect

The legal consequence or outcome that arises from the execution of a law, contract, agreement, or judicial decision.

State

A distinct entity in a federal system that has its own government and borders within a larger country.