Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A)Online dispute resolution services are now available for electronic transactions.
• B)The legal status of online contracts is determined by common law.
• C)Arbitration has not been proved to be a valuable tool for ecommerce disputes.
• D)Online dispute resolution services are very costly and time consuming.
• E)Online disputes are often self-regulated.

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Definitions:

Disclaimer

A term in a contract whereby a party attempts to relieve itself of some potential liability associated with the contract. The most common example is the seller’s attempt to disclaim liability for defects in goods that it sells.

Recovery

The act of obtaining something of value through legal means, often in compensation for damages or loss.

Strict Liability

Refers to a legal doctrine where a party is responsible for damages or harm caused without needing to prove negligence or fault.

Restatement (Second)

A collection of textbooks that seek to inform judges and lawyers about general principles of common law in the United States.