What precautions should merchant sellers take to protect themselves against consumers who legally challenge contract terms formed online?
Web sites with online ordering should have a clearly stated terms and conditions, which the buyer must click to accept. Any e-mail offer and acceptance is bound by the same contract rules of the UCC. Communication should be specific and include specific details as it constitutes a contract.
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It's often easier to re-attract ex-customers than to find new ones because the company knows their names and histories
Indicate whether the statement is true or false
Which of the following is a provision of Article 4 of the Uniform Commercial Code?
A) establishing the requirements for negotiable instruments, such as checks B) establishing the rules and principles that regulate bank deposit procedures for checking accounts offered by commercial banks C) stipulating the rules that regulate the creation and collection of and liability for wire transfers D) reviewing and revising guidelines for ownership of securities by investors
Which of the following is NOT a measure of an organization‘s capacity?
a. number of employees b. truckloads of material received c. units of product produced d. size of its market share
An otherwise vague contract may be clarified by references in the contract to other documents or agreements
Indicate whether the statement is true or false