Asked by Rehana Shammi on Jun 10, 2024
Verified
Clicking the "I Accept" button is the equivalent of removing the shrink wrap from a product; it indicates acceptance of the terms of the electronic purchase.
Shrink Wrap
Packaging made of a plastic film that is wrapped around items and then shrunk by heat to form a tight seal.
Electronic Purchase
The process of buying goods or services over the internet through various digital platforms.
Acceptance
An agreement to the terms of an offer, thereby creating a binding contract.
- Identify the conditions under which an electronic agreement becomes a binding contract.
Verified Answer
CE
Cire Ekcyquel GamboaJun 14, 2024
Final Answer :
True
Explanation :
Clicking the "I Accept" button on a digital agreement or during an electronic purchase is legally recognized as an indication of accepting the terms and conditions, similar to removing the shrink wrap from a physical product, which traditionally signifies agreement to the product's licensing terms.
Learning Objectives
- Identify the conditions under which an electronic agreement becomes a binding contract.