Is ebay auction legally-binding contract

Assignment Help Financial Management
Reference no: EM132550970

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? 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.

Reference no: EM132550970

Questions Cloud

Discuss a career development program should be viewed : Discuss A career development program should be viewed as a proactive and dynamic process that attempts to meet the needs of managers
Compute gdp-ndp and ni : Compute gdp, ndp and NI. If Comensations of employees =194.2 U.S exports of goods and services =17.8
Compute the controllable margin and the return on investment : Compute the controllable margin and the return on investment for 2010. Management is considering the following independent courses of action in 2011
Make the adjusting entries for straight line : How do Make the adjusting entries for 2009 and 2010 for straight line, units of production, double declining and sum of the years
Is ebay auction legally-binding contract : Is an eBay auction a legally-binding contract? consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable.
Pseudocode and a flowchart to design a mobile app : Create both pseudocode and a flowchart to design a mobile app. The app will write the device's latitude and longitude to a file each time
Find and calculate the economic order quantity : Find and Calculate the economic order quantity. Mellissa Jakes operates a bakery. One of the major raw materials that she uses is organic wheat
What are the journal entries for these : The company paid $490,000 interim dividends from prior retained earnings to ordinary shareholders on 7 February 2020. What are the journal entries for these
Determine the type of compensation firms choose : What factors do you think determine the type of compensation firms choose?

Reviews

Write a Review

Financial Management Questions & Answers

  What amount should be allocated to the warrants

The price paid for 900, $1,000 bonds with the warrants attached was $823000. The market price of the Vaughn bonds without the warrants was $727000.

  Determine amount of ocean city kite companys fixed costs

Ocean City Kite Company manufactures & sells kites for $6.00 each. The variable cost per kite is $3.00 with the current annual sales volume of 100,000 kites.

  Price different for options than for other securities

Using the Black-Scholes model, explain what happens to the value of a call as S, T, and s2 change. Why is the relationship between risk and price different for options than for other securities?

  Label downward sloping term structure of interest rates

Draw and label a downward sloping term structure of interest rates. What can the borrower do to reduce the disadvantage of using the long-term bonds?

  How much of alfonso loss is limited by his at-risk amount

How much of Alfonso’s loss limited by his tax basis? How much of Alfonso’s loss is limited by his at-risk amount?

  Common equity on the firm balance sheet

Precious Metal Mining has $5 million in sales, its ROE is 12%, and its total assets turnover is 4x. Common equity on the firm’s balance sheet is 55% of its tota

  What is its cost of common equity

Empire Electric Company (EEC) uses only debt and common equity. What is its cost of common equity? Which projects should Empire accept?

  Create schedule showing the cash inflows and outflows

Create a schedule showing the cash inflows (including interest) and outflows of this fund.

  Calculate at what price the bonds are issued

Assuming the market rate of interest is 6%, calculate at what price the bonds are issued.

  Down payment on new car-what is the most expensive car

You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $350. The loan will have a 8% APR based on end-of-month payments. What is the most expensive car you could afford if you finance it for 48 months?

  She has found property she thinks might be good deal

She has found a property she thinks might be a good deal. how much equity should she be willing to invest in the property today?

  Calculating present values

Calculating Present Values [LO1] An investment will pay you $43,000 in 10 years. If the appropriate discount rate is 7 percent compounded daily, what is the present value?

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!

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