Discussion question and two student replys
Read the E-Commerce and Cybercrime Article and write a 4-5 paragraph summary of your thoughts
Explain in detail the requirements of an offer, how offers are made, how they are terminated, and how offers are accepted.
Discuss the general principles of legality and public policy—describe with examples—agreements affecting public welfare and the characteristics of regulation of business.
2.)respond to two student posts below.
cybercrime is still happening today, with the looks of it i don’t see it decreasing for a while. I read it already has increased over the last 5 years. cybercriminals can manipulate financial data, move electronic ownership to themselves, interrupt and hack communication systems between different businesses, steal property, and cause eCommerce businesses all across the world to shut down completely if they get into the correct system files. they are able to do all of this because of websites and systems they use that are similar to the bank. this honestly makes me as well as others around me terrified and not know who to trust online. i feel everyone needs to just be careful with how they use the internet. with the basic knowledge, there are ways to stay safe from cybercrime. keep the computer system updated with the most recent update they offer. use antivirus software to make sure you stay up to date and receive notifications of any fishy things. try to use only secured networks and shop only through trusted sites. most importantly don’t save your card info on any site.
Explain in detail the requirements of an offer, how offers are made, how they are terminated and how offers are accepted.
There are three requirements of an offer. The requirements for an offer are
The first requirement of an offer is Contractual Intention: Contractual Intention are offer that must appear to intend to create a binding obligation, shown by conduct. Excludes social offers or offers made in obvious jest.
The next requirement of an offer is Invitation to Negotiate: the First statement not necessarily an offer, but an invitation to negotiate. E.g. catalog, prices and quotations on work to be done. Which is when an offer, and the resulting contract, must be definite and certain so that it is capable of being enforced.
The final requirement is Arrangement to Make a Contract at a Future Date: no party is under obligation until the future date. This requirement is described as when an offer must be communicated to the offered. Otherwise, the offered cannot accept even through knowledge of the offer has been indirectly acquired. Offers are made when one person offer or, makes an offer and the other person whom the offer is made to accepts the offer.
Offers are terminated by revocation, this when the person who offered can revoke the offer before it is accepted. If this is done, the offeree cannot create a contract by accepting the revoked offer. Next is counteroffer, this is when the offeree rejects the offer when it ignores the original offer and replies with a different offer. The next way an offer may be terminated is rejection, this is when the offeree rejects the offer and communicates this rejection to the offer. The offer is terminated. Next is the lapse of time, which is when the offer states that it is open until a particular date, the offer terminates on that date if it has not yet been accepted. The next one is death or disability of a party, this applies if either the offeror or offeree dies or becomes mentally incompetent before the offer is accepted, the offer is automatically terminated. Lastly, is subsequent illegality. This termination applies if the performance of the contract becomes illegal after the offer is made, the offer is terminated. Also, an offeree cannot accept a terminated offer. Offers are accepted when the assent of the offeree to the terms of the offer.
Discuss the general principles of legality and public policy-describe with examples agreements affecting public welfare and the characteristics of regulation of business.
The general principle of legality is a contract, an agreement, or an act that follows the standards of the law, and if the law does not specially or make a clear agreement then it is not illegal. The general principle for public policy is policies that protect the public and their wellbeing, even if these policies are not technically a written law and void an agreement if it proves harmful to the individual welfare. An example of the two is if two people had an agreement or contract to perform a service and follow the proper state regulation of business, then legally it is okay. However, if over time this service proves to be harmful to either party, the contact can be broken due to the agreement affecting public welfare.
Image preview for”explain in detail the requirements of an offer, how offers are made, how they are terminated, and how offers are accepted. “