The Case of Rudder V Microsoft Dealt with the Creation

question 6

Multiple Choice

The case of Rudder v Microsoft dealt with the creation of online contracts.The judge held that

• A)consumers cannot be held liable for terms that they did not actually read.
• B)parts of a document that cannot be seen on the screen when the document is first opened are the electronic equivalent of small print.
• C)an electronic contract does not become effective until the consumer is provided with a paper copy of the agreement.
• D)when Canadian consumers become involved in disputes regarding online contracts,they are always entitled to have their claims heard in Canadian courts.
• E)Merely clicking the "I Agree" prompt on an Internet contract can be sufficient to bind a party to all contractual terms,including onerous and unusual terms.

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Definitions:

Treasury Stock

Shares that were once part of the outstanding stock but were bought back by the issuing company, reducing the amount of outstanding stock.

Preferred Stock

Preferred stock is a class of shares that offers dividends and ownership in a company but typically does not confer voting rights, with dividends received before common shareholders.

Par Value

The nominal or face value of a bond, share of stock, or coupon as indicated on a certificate or instrument.

Net Income

The total profit or loss of a company after all revenues, costs, and expenses have been deducted, often referred to as the bottom line.