Description
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.
Explanation & Answer
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Outline
Introduction
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Conclusion
Running Head: EBAY CASE ANALYSIS
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eBay Case Analysis
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EBAY CASE ANALYSIS
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eBay Case Analysis
Through eBay, buyers and sellers become involved in activities that make them get into a
legally binding contract which enables them to perform various functions. Once the buyers and
the sellers become committed to the action of trading through the online platform, they must
remain dedicated and determined to achieve the rules of the contract (Ennico, 2008). The use of
the auction selling format ensures that the buyers and the sellers remain committed to the bidding
activity. When one promises to get involved in the eBay activities, they have to stay committed
and participate in meeting the requirements by the different parties. Therefore, one should only
bid when they intend to bu...
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