Flashcards : Digital Contract Formation — 20 cartes

A precise proposal expressing intent to be bound.

Clarity, specificity, firmness, and serious intent.

Before acceptance is received by the offeree.

Offer expiration due to time lapse or parties' incapacity.

When offer cannot be revoked before certain events or periods.

Unqualified, mirror the offer, and be communicated clearly.

Creating binding agreements via digital means with specific rules.

To ensure deliberate, informed electronic acceptance.

Verifies identity and consent, legally equivalent when reliable.

Electronic records, signatures, timestamps, logs.

Sales, leases, services, each with specific formation rules.

Laws ensuring validity, proof, and security in electronic agreements.

Formation occurs when acceptance matches offer terms clearly.

Generally no, unless legally or contextually accepted.

Revocation is withdrawal; cessation is automatic expiration.

Must be precise, accessible, containing essential info.

Explicit clicks, tacit conduct, digital signatures.

When acceptance reaches the offeror, confirmed digitally.

Yes, when they meet reliability and security standards.

Reliable logs, timestamps, and signatures ensure validity.