User Account

All Pages

Is an ebay auction a legally-binding contract

Assignment Help Financial Management
Reference no: EM131992932

Case Analysis eBay is one of the biggest online auctioning companies in the world. Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins. If it does, you send your information to the seller, and in return, he or she sends you your goods. Is an eBay auction a legally-binding contract?

In a minimum of 500 words, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable. Explain your reasoning using the elements of contract analysis thatAnalysis

you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Cite any direct quotes or paraphrased material from outside sources. Use APA format. Information about accessing the grading rubric for this assignment is provided below.

Case Analysis eBay is one of the biggest online auctioning companies in the world. Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins.

If it does, you send your information to the seller, and in return, he or she sends you your goods. Is an eBay auction a legally-binding contract? In a minimum of 500 words, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable.

Explain your reasoning using the elements of contract analysis that you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Cite any direct quotes or paraphrased material from outside sources. Use APA format. Information about accessing the grading rubric for this assignment is provided below.

Case Analysis eBay is one of the biggest online auctioning companies in the world. Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins. If it does, you send your information to the seller, and in return, he or she sends you your goods.

Is an eBay auction a legally-binding contract? In a minimum of 500 words, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable. Explain your reasoning using the elements of contract analysis that you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Cite any direct quotes or paraphrased material from outside sources.

Use APA format. Information about accessing the grading rubric for this assignment is provided below.Case Analysis eBay is one of the biggest online auctioning companies in the world.

Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins. If it does, you send your information to the seller, and in return, he or she sends you your goods. Is an eBay auction a legally-binding contract?

In a minimum of 500 words, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable. Explain your reasoning using the elements of contract analysis that you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Cite any direct quotes or paraphrased material from outside sources. Use APA format.

Reference no: EM131992932

Questions Cloud

Characteristics of relevance and reliability exists : Thus, a trade-off between the primary qualitative characteristics of relevance and reliability exists.
Logic and evidence to convince readers : Overview: Explain an idea you've had while thinking about and researching your chosen topic, and use logic and evidence to convince readers
Differences between principles and rules based approaches : Compare and contrast the differences between principles- and rules-based approaches when setting accounting standards.
How is the culture of this country different than where : Imagine you are preparing to travel to a location for two weeks to take a vacation of a lifetime! After selecting your travel destination use
Is an ebay auction a legally-binding contract : Explain your reasoning using the elements of contract analysis that you have learned thus far, including valid offer, valid acceptance.
Considering investing in machine that produces bowling balls : The Baldwin Company is considering investing in a machine that produces bowling balls. The expected resale value is $5,000 (in real terms).
What do you view as the key differences in the project : Review the project summary for the conceptual framework project, and respond to the following: What do you view as the key differences in this project?
What is the indicated property value : A 10 percent discount rate is considered appropriate. What is the indicated property value?
What statements are key targets for the manipulation : What statements are key targets for this manipulation, and what accounts found in the statements are the main focus? How can this fraudulent information.

Reviews

Write a Review

Financial Management Questions & Answers

  After-tax operating income-capital expenditures

You are trying to value Zombie Games Inc,, a company that manufactures games for the major game systems. The firm generated $ 30 million as operating profit (EBIT) in the most recent year and the corporate tax rate is 40%. Assuming that the after-tax..

  How did this financial crash impact you

How did this financial crash impact you, your family, a career you may have been laid-off from, and/or someone you know that were affected?

  At what rate does the firm just break even

Consider a firm with a contract to sell an asset for $137,000 five years from now. The asset costs $73,000 to produce today. Given a relevant discount rate on this asset of 13 percent per year, calculate the profit the firm will make on this asset. A..

  Growth rate in dividends-what is the current share price

Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.20, $17.20, $22.20, and $4.00. Afterwards, the company pledges to maintain a constant 5.50 percent growth rate in dividends, forever. Required: If the re..

  What is the nominal annual rate of return

A share of preferred stock pays a quarterly dividend of $2.50. If the price of this preferred stock is currently $50, what is the nominal annual rate of return? show work

  How trade-offs between different classes of agency conflicts

Describe how trade-offs between different classes of Agency Conflicts-Costs may produce Optimal Capital Structure in context of Jensen and Mecklings’ framework.

  How banks create credit and can thereby lend out more money

This problem illustrates how banks create credit and can thereby lend out more money than has been deposited. Suppose that initially $100 is deposited in a bank. Experience has shown bankers that on average only 8% of the money deposited are withdraw..

  Find the npv of this project if cost of capital

Amanda is a project manager for a mining company that is considering investing in a new, 15-year mine. Find the NPV of this project if cost of capital is 12%.

  Which method of financing do you recommend

Sao Paulo Inc. needs $40 million in new capital, which it may acquire by selling bonds at par with coupon 10% or by selling stock at $37 (net) per share. The current capital structure of Sao Paulo consists of $250 million (face value) of 8% coupon bo..

  At what rate has your capital grown

you invested in a $6 stock that is now selling for $30. At what rate has your capital grown?

  What price must each aquarium be sold for seagulls ebit

At what price must each aquarium be sold for Seagull’s EBIT to be $90,000?

  Calculate the theoretical one-year goldfish futures price

Calculate the theoretical one-year goldfish futures price. Give your answer in dollars and cents to the nearest cent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd