Many online business transactions require a legal signature to be ...

[viki]

Many online business transactions require a legal signature to be enforceable. In one or two paragraphs, outline several different ways to execute a legally binding signature online.

Question 2

Assume you have downloaded an app for your smartphone. In one or two paragraphs, describe how you and the apps seller have each obtained consideration in the completion of the transaction.

[pami445]

Answer to Question 1

A signature is any symbol executed or adopted for the purpose of authenticating a writing. Courts have held names on telegrams, telexes, faxes, and Western Union Mailgrams to be signatures. Even typed names or names printed as part of a letterhead have served as signatures. It is reasonable to assume that a symbol or code included in an electronic file would constitute a signature. Most countries now have laws that explicitly make digital signatures legally valid on contracts.

Answer to Question 2

The sequence of actions is as follows:

• The store invites offers for an item at a stated price by placing it on its Web site.


• The consumer makes an offer by indicating a willingness to buy the product for the stated price.


• The store accepts the customers offer and exchanges its product for the consumers payment at checkout. Both the store and the customer receive consideration at this point.

[viki]

Thank you

[pami445]

No problemo