An SaaS Provider Maintains a Large Web Server, or Series

question 49

True/False

An SaaS provider maintains a large Web server, or series of servers, and provides fee-paying subscribers with space to maintain their Web sites.

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Definitions:

Option Contract

A contract granting one party the right, but not the obligation, to buy or sell a good or asset at a predetermined price within a specific time frame.

Postbox Rule

The Postbox Rule, also known as the mailbox rule, is a legal principle that determines the moment at which an offer is considered accepted, typically the moment the acceptance is sent.

Binding Contract

A legal agreement between two or more parties that is enforceable by law.

Entores Ltd.

A landmark case in contract law that established the principle that an acceptance of an offer becomes effective when communicated.