A Customer in an Electronic Commerce Contract Will Be Bound

question 27

Multiple Choice

A customer in an electronic commerce contract will be bound by the terms and conditions of a website provided that:

• A) The terms and conditions are posted on the website.
• B) The customer has clicked on a button acknowledging that they have read the terms and conditions.
• C) The customer has read the terms and conditions.
• D) The customer is aware of the terms and conditions.

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Definitions:

Consignment

A business arrangement wherein goods are left in the possession of an authorized third party to sell, but ownership remains with the supplier until items are sold.

Ending Inventory

The total value of all inventory held by a company at the end of an accounting period.

FOB Destination

A shipping term indicating that the seller is responsible for the freight and other shipping charges until the goods reach the buyer's location.

Net Income

The amount of earnings remaining after all expenses, including taxes and interest, have been deducted from total revenues.