Which of the Following Is True with Respect to the Application

question 23

Multiple Choice

Which of the following is true with respect to the application of contract law to the internet?

• A) If the basic requirements of acceptance are not met, an offer accepted by email is binding on both parties.
• B) Clicking an "I Accept" button on a website is considered the equivalent of achieving the consensus element of a binding contract.
• C) Online communications are governed by the postbox rule.
• D) No jurisdictions have passed any legislation making electronic communications the equivalent of written documents for legal purposes.
• E) Internet contracts are governed by the federal Uniform Electronic Commerce Act, in effect throughout Canada.

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Definitions:

Variable Costing

A method of cost accounting where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.

Unit Product Cost

The total cost associated with producing a single unit of a product, calculated by dividing the total production costs by the number of units produced.

Variable Costing

A technique in management accounting that only considers variable production costs as product costs, with fixed costs treated as period costs.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold to customers.