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

Question

Quizplus · Accepted Answer

Online dispute resolution services are now available for electronic transactions through organizations such as the American Arbitration Association and the International Chamber of Commerce. A and E are incorrect as the legal status of online contracts may vary by jurisdiction and online disputes may require intervention from a third party. B is incorrect as many online dispute resolution services are more cost-effective and efficient than traditional legal processes. D is incorrect as arbitration has been used successfully to resolve ecommerce disputes.

Which of the Following Statements Is True