BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Traditional contract
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E-contract
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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.