BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A shrink-wrap contract is example of?
A
Traditional contract
B
E-contract
Explanation: 

Detailed explanation-1: -An e-contract can be in the form of a “Click to Agree” contract which is known as a “click-wrap agreement” generally associated with the downloaded software. Another format of an e-contract is the “shrink-wrap agreement.” In this type of contract, the terms and conditions come along with the packaged product.

Detailed explanation-2: -Examples of E-Contracts A contract that you write on your computer and email to a business associate, and that the business associate emails back with an electronic signature indicating acceptance. A contract using an encrypted form and digital signatures, such as something completed with DocuSign or Adobe Sign.

Detailed explanation-3: -An example of a shrink-wrap agreement is an End User License Agreement (EULA).

Detailed explanation-4: -Shrinkwrap contracts or shrinkwrap licenses are boilerplate contracts packaged with products; use of the product is deemed acceptance of the contract. Web-wrap, click-wrap and browse-wrap are related terms which refer to license agreements in software which is downloaded or used over the internet.

Detailed explanation-5: -Three common kinds of electronic contract are browse wrap, shrink wrap and click wrap contracts.

There is 1 question to complete.