With Respect to the Online Contracts, Which of the Following

question 26

Multiple Choice

With respect to the online contracts, which of the following statements is true?

• A) The legal status of online contracts is determined by common law.
• B) The Uniform Electronic Commerce Act (UECA) clearly states that a contract is formed when the communication of an acceptance through instantaneous communication is sent.
• C) Online contracts do not require all the essential elements of a contract such as consensus, capacity, and legality.
• D) The Uniform Electronic Commerce Act (UECA) clearly states that an invitation to treat in all cases qualifies as an offer.
• E) The Uniform Electronic Commerce Act (UECA) clearly states that an offer may be made and accepted electronically.

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Definitions:

Increasing

A process or trend involving a rise or growth in quantity, size, or intensity.

Extraction Costs

Costs incurred in the process of obtaining raw materials from the earth or environment, such as mining or drilling.

Preparation for Sale

The process of readying a product or service for the market, including aspects such as packaging, branding, and pricing.

Nonrenewable Resource

A nonrenewable resource is a natural substance that cannot be replenished with the speed at which it is consumed, such as fossil fuels, minerals, and certain metals.