Most Analysts Agree That Use of the Internet Will Lower

question 84

True/False

Most analysts agree that use of the Internet will lower transaction costs.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize legislation across states.

Article 2

A part of the Uniform Commercial Code (UCC) dealing specifically with the sale of goods in the United States.

Legally Binding

A term describing agreements or contracts that have legal force and can be enforced by law.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.