Which of the following statements regarding online transactions is true?
A) Common law has established the equivalency of electronic documents to written ones.
B) Electronic signatures are not effective in determining the capacity of the parties entering into a contract.
C) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.
D) The post box rule applies to both non-instantaneous and instantaneous methods of communication.
E) Conducting transactions online negates the need to satisfy the normal requirements of a contract.

Question

Quizplus · Accepted Answer

Clicking an "I Accept" button has been widely recognized as a valid method of indicating acceptance of the terms of an agreement. The use of electronic signatures is also effective in determining the capacity of the parties entering into a contract. Common law has established the equivalency of electronic documents to written ones, and the post box rule typically applies only to non-instantaneous methods of communication. Conducting transactions online does not negate the need to satisfy the normal requirements of a contract.

Which of the Following Statements Regarding Online Transactions Is True