Why Should EC Companies Comply with Ethical Privacy Practices

question 6

Multiple Choice

Why should EC companies comply with ethical privacy practices?

• A)Customers need to trust that the online marketplace and its businesses will not violate the right to privacy.
• B)Unethical privacy practices can have both immediate and long-term negative business consequences.
• C)Violators expose themselves to harsh penalties from various government agencies and victimized customers,as well as bloggers and consumer interest groups.
• D)All of the above

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Definitions:

Instrument

A legal document formally evidencing an obligation or right, such as checks, promissory notes, or securities.

Holder

A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.

Negotiable Instrument

A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.