Which of the following is true about electronic commerce?
A) The use of e-commerce is restricted to the large organizations.
B) The traditional rules of contract law adequately meet the needs of Internet transactions.
C) It is regulated by several federal statutes enacted by the government.
D) It is not protected from infringement.

Question

Quizplus · Accepted Answer

Electronic commerce is regulated by several federal statutes enacted by the government such as the Electronic Signatures in Global and National Commerce Act, Uniform Commercial Code and the Children's Online Privacy Protection Act. Option A is incorrect as e-commerce can be used by both large and small organizations. Option B is incorrect as traditional rules of contract law may not adequately meet the needs of internet transactions. Option D is incorrect as electronic commerce is protected by intellectual property laws such as copyright, patents, and trademarks.

Which of the Following Is True About Electronic Commerce