Which of the Following Propositions Is Supported by the Decision

question 73

Multiple Choice

Which of the following propositions is supported by the decision in Zhu v Merrill Lynch?

• A)The fact that a party clicked "I Agree" without actually reading the terms of the agreement will render the contract unenforceable.
• B)The fact that a party receives an automated response confirming a transaction is cancelled is not binding on the party sending the notice if that party has made a mistake.
• C)Computer-generated transactions are not generally binding.
• D)A party must verify significant transactions made on the Internet by telephone or other communication with the counterparty for those transactions to be binding.
• E)All computer transactions are binding based on the messages sent between the parties.

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Definitions:

Industry Demand

The total demand for products or services within a particular industry or sector.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a state of market balance.

Number of Firms

It refers to the total count of enterprises operating within a certain market or industry.

Industry

A sector of the economy that produces a related set of goods or services.