Chapter 19

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Unformatted text preview: Chapter 19 E-Contracts and E-Signatures TRUE/FALSE QUESTIONS A1. Most courts have applied traditional contract law principles to contracts formed online. ANSWER: T PAGE: 370 TYPE: = NAT: AACSB Analytic AICPA Critical Thinking B1. A contract for a sale of software transfers ownership rights in the software to the buyer. ANSWER: F PAGE: 370 TYPE: N NAT: AACSB Analytic AICPA Legal A2. A contract for a sale of software does not transfer ownership rights in the software to the buyer. ANSWER: T PAGE: 370 TYPE: N NAT: AACSB Analytic AICPA Legal B2. An online offer should include provisions relating to dispute settlement. ANSWER: T PAGE: 372 TYPE: N NAT: AACSB Reflective AICPA Legal A3. A click-on agreement is an agreement whose terms are expressed inside a box in which the goods are packaged. ANSWER: F PAGE: 373 TYPE: = NAT: AACSB Technology AICPA Legal B3. A click-on agreement is normally not enforced. ANSWER: F PAGE: 373 TYPE: = NAT: AACSB Analytic AICPA Legal A4. A forum-selection clause indicates the place for the resolution of a dispute arising under a contract. ANSWER: T PAGE: 373 TYPE: N NAT: AACSB Reflective AICPA Legal B4. The terms of a contract must have been read to be enforceable. ANSWER: F PAGE: 373 TYPE: = NAT: AACSB Analytic AICPA Legal A5. The terms in a click-on agreement may be enforced if the parties expressly agreed to them. ANSWER: T PAGE: 373 TYPE: + NAT: AACSB Reflective AICPA Legal B5. Terms in a shrink-wrap agreement are normally not enforced. ANSWER: F PAGE: 375 TYPE: = NAT: AACSB Analytic AICPA Legal A6. A shrink-wrap agreement may not be enforced if its terms are objectionable on grounds that apply to contracts in general. ANSWER: T PAGE: 375 TYPE: + NAT: AACSB Reflective AICPA Legal B6. Terms in a shrink-wrap agreement are always enforced. ANSWER: F PAGE: 376 TYPE: = NAT: AACSB Analytic AICPA Legal A7. An electronic symbol, adopted by a person with the intent to sign an e-record, is an e-signature. ANSWER: T PAGE: 376 TYPE: N NAT: AACSB Analytic AICPA Legal B7. Browse-wrap terms are arguably not enforceable. ANSWER: T PAGE: 376 TYPE: = NAT: AACSB Analytic AICPA Legal A8. State e-signature laws are uniform. ANSWER: F PAGE: 377 TYPE: = NAT: AACSB Analytic AICPA Legal B8. Under the Electronic Signatures in Global and National Commerce (E-SIGN) Act, a signature may be denied legal effect solely because it is in electronic form. ANSWER: F PAGE: 377 TYPE: = NAT: AACSB Analytic AICPA Legal A9. Under federal law, an electronic signature is as valid as a signature on paper, without exceptions....
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