____________ Is the Communication and Sale of Products or Services

question 54

Multiple Choice

____________ is the communication and sale of products or services to consumers over the Internet.

• A) Vending machine retailing
• B) Electronic commerce
• C) Electronic retailing
• D) Direct selling
• E) Television home shopping

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Definitions:

Voidable Contract

A contract that may be annulled or considered void at the option of one of the parties due to certain defects or circumstances affecting the contract's validity.

Quantum Meruit

A legal principle that determines the amount to be paid for services when no contract exists or when contractual terms are ambiguous.

Agreement

A mutual understanding or arrangement between two or more parties, detailing the terms and conditions for their particular course of action.

Consideration

Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.