Contracts Entered into in E-Commerce Are Known as E-Contracts

question 33

True/False

Contracts entered into in e-commerce are known as e-contracts.

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Definitions:

Life Insurance

A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.

Public Interest

Public Interest refers to the welfare or well-being of the general public and society at large.

Assignable

A quality of a contract or right that allows it to be transferred from one party to another.

Third Party Rights

Rights that are granted to individuals or entities who are not a direct party to a contract or legal agreement but are affected by its provisions.