Which of the Following Statements Regarding Online Transactions Is False

question 94

Multiple Choice

Which of the following statements regarding online transactions is false?

• A) Conducting transactions online negates the need to satisfy the normal requirements of a contract.
• B) It is unlikely that the courts will extend the postbox rule to apply to online transactions.
• C) Legislation has been passed in some jurisdictions to make electronic documents equivalent to written ones.
• D) Reasonableness of terms can affect the enforceability of electronic contracts.
• E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

Recognize and articulate the basic requirements for the formation of a valid contract.

Explain the defenses available in a breach-of-contract lawsuit, including the meaning of adequate consideration.

Describe the process of offer and acceptance in online contracting environments.

Understand the concept of promissory estoppel and its requirements as an exception to the consideration requirement.

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Definitions:

Limited Jurisdiction

A court's authority to hear only certain types of cases, often defined by law, subject matter, or monetary value.

Appellate Courts

Courts that review and revise the outcome of cases previously decided by lower courts if an error in the application of the law is claimed.

Minor Criminal Cases

Legal cases involving crimes that are considered less serious than felonies, typically resulting in smaller fines and shorter prison sentences, if any.

Territorially Fair

Describes an approach or policy that is equitable and just within a specified geographic area, ensuring fair treatment and opportunities for all residents.