Which of the Following Statements Regarding Online Transactions Is True

question 57

Multiple Choice

Which of the following statements regarding online transactions is true?

• A) Conducting transactions online negates the need to satisfy the normal requirements of a contract.
• B) The postbox rule applies to both non-instantaneous and instantaneous methods of communication.
• C) Common law has established the equivalency of electronic documents to written ones.
• D) Electronic signatures are not effective in determining the capacity of the parties entering into a contract.
• E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

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Definitions:

Marginal Revenue

The rise in income generated by selling an extra unit of a product.

Cheese

A dairy product derived from milk and produced in a wide range of flavors and textures through the process of coagulation.

Marginal Revenue

The increased income from the sale of one more unit of a product or service.

Burritos

A type of Mexican food consisting of a wheat flour tortilla wrapped or folded into a cylindrical shape to fully enclose the filling.