Which of the following statements regarding online transactions is false?
A) Conducting transactions online negates the need to satisfy the normal requirements of a contract.
B) It is unlikely that the courts will extend the postbox rule to apply to online transactions.
C) Legislation has been passed in some jurisdictions to make electronic documents equivalent to written ones.
D) Reasonableness of terms can affect the enforceability of electronic contracts.
E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

Question

Quizplus · Accepted Answer

The statement that conducting transactions online negates the need to satisfy the normal requirements of a contract is false. Online transactions still need to meet the basic requirements of a contract, such as offer, acceptance, consideration, and mutual intent to be bound, just like traditional contracts.

Which of the Following Statements Regarding Online Transactions Is False