When EBay Developed Its Online Auction Service,a Need Arose for Making

question 13

Multiple Choice

When eBay developed its online auction service,a need arose for making online payments and PayPal was born.This is an example of how moving commerce online

• A) can create additional intermediaries.
• B) reduces effectiveness.
• C) necessitates the need for virtual alliances.
• D) poses additional costs to suppliers and customers.

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Definitions:

Conditional Title

A legal status indicating that ownership of a property or asset will transfer from one party to another only after specific conditions have been met.

Unconditional Title

A legal term indicating absolute ownership of property or assets without any encumbrances or conditions.

Implied Title

A legal concept indicating that ownership is suggested or inferred through actions or circumstances rather than explicitly conveyed via a formal document.

Passing of Title

The act of transferring the ownership of property from one person or entity to another.