E-Commerce Law
A signature is written online.
What is an e-signature?
An agreement between a borrower and a lender for how a debt will be paid off over time.
What is a repayment plan?
This tax is imposed on the transfer of the estate of a deceased person, based on the value of the estate at the time of death.
What is estate tax?
Explicit promises about the product.
What is express warranties?
The offer is accepted by the other person.
What is acceptance?
A fraudulent imitation of an online product.
What is counterfeit?
The process of selling off assets to repay creditors and dissolve a business.
What is liquidation?
Tax levied by a government directly on income, especially an annual tax on personal income.
What is income tax?
A guarantee that is not written down or explicitly spoken.
What is an implied warranty?
Two parties have to exchange something of value.
What is consideration?
A mark that represents ownership.
What is a trademark?
Allows debtors to keep their property and create a repayment plan (usually 3-5 years) to pay off all or part of their debts.
What is debt reorganization?
A consumption tax imposed by the government on the sale of goods and services.
What is sales tax?
This term refers to a condition that must be met before a party is obligated to perform under a sales contract.
What is a condition precedent?
The ability to legally enter the contract.
What is capacity?
The legal agreements between a service provider and a person who wants to use that service.
What is terms of service?
Allows businesses to continue operating while restructuring debts and negotiating with creditors under court supervision.
What is business reorganization?
These are taxes that businesses must pay based on the wages and salaries they pay to their employees.
What are payroll taxes?
This legal remedy allows a buyer to cancel a contract if the seller fails to deliver goods as agreed.
What is rescission?
This type of contract is formed through the conduct of the parties rather than through explicit written or spoken words.
What is an implied contract?
A small file of letters and numbers that is downloaded onto your computer when you visit a website.
What is a cookie?
A process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts.
What is debt reconstruction?
This is a tax on the added value of each stage of production and distribution of goods and services.
What is value-added tax?
A comprehensive set of laws governing all commercial transactions in the United States.
What is the UCC(Uniform Commercial Code)?
This type of remedy aims to put the injured party in the position they would have been in had the contract been fulfilled.
What is specific performance?