Which of the Following Propositions Is Best Supported by the Decision

question 57

Multiple Choice

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

• A)Customers are entitled to rely on the common sense meaning of a website's online prompts when completing a transaction.
• B)Customers are NOT entitled to rely on the common sense meaning of a website's online prompts when completing a transaction.
• C)Customers cannot rely on keystroke errors to cancel a transaction when that transaction involves the purchase or sale of stocks.
• D)Companies owe customers the same duty to make online transactions readily understandable, regardless of whether the customer might risk losing large amounts of money as a result of a faulty transaction.
• E)It is the customer's responsibility to confirm the prompts received during online transactions.

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Definitions:

Violation

An instance of failing to comply with a set rule, regulation, or standard.

Arbitrage Opportunities

Situations where a profit can be made with no risk by simultaneously buying and selling assets in different markets or forms due to price discrepancies.

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.