Question

In: Accounting

under what circumstances could you agree to a contract and later find out what you agreed...

under what circumstances could you agree to a contract and later find out what you agreed to? What safeguards exist in contract law when clickwrap, shrinkwrap, or boxtop terms appear that you do not agree with?

Solutions

Expert Solution

A contract is an agreement to do or not to do any act and which is also enforceable by law. Therefore, all the terms and condition must read carefully before signing any contract unless all the terms and terminology have read and understood by the involving parties of contract. However, there are various safeguard also available in Contract Act to protect the right of general public.

Following are some examples of safeguards exist in the Contract Law:

Clickwrap: This feature is used to create legal enforceability or legally binding agreement to user of documents. This feature is generally at the end of the web page that wants to ask you click on “I agree to the terms and conditions”. And when someone agrees with the terms of agreement then he can get access of the document. The binding agreement is hidden at the end of web page and when someone clicks on the terms then he will get the binding agreement. Therefore, it is known as Clickwrap where binding agreement is hidden and will pop up on click by user.

Shrinkwrap: This safeguard of contract agreement allows someone to use or view the product/goods only after purchasing the goods because the product is wrapped by plastic wrap therefore, it is known as shrinkwrap safeguard. Even the terms, right to use, guidelines, limitations, and other related information will be available regarding the product only after purchasing production which is not good approach but is good for seller to protect the goods from unnecessary access.

Boxtop: This safeguard of contract agreement is to aware the user of product or goods regarding the expiration date of product, product identification, Purchase details, and any other required details at the top of a box at the upper portion of boxed product.

Finally, we can conclude that the terms involved in the contract may affect the rights and obligations of involving parties so it should be read and understand carefully before entering in any agreement either through web or documents.


Related Solutions

What is contract termination? Under what circumstances can a contract be terminated? What are contract amendments?...
What is contract termination? Under what circumstances can a contract be terminated? What are contract amendments? How can a contract be amended? Please no hand-written answers.
Under what circumstances could the use of euphemisms be considered unethical communication?
Under what circumstances could the use of euphemisms be considered unethical communication?
Determine under what circumstances a contract should be allowed to be rescinded because of a unilateral...
Determine under what circumstances a contract should be allowed to be rescinded because of a unilateral mistake. Provide one example of a situation in which this could be acceptable. Consider how guaranty contracts are used in business and propose two situations in which a guaranty would be required.
Is sampling always necessary? Discuss under what circumstances it is necessary and under what circumstances it...
Is sampling always necessary? Discuss under what circumstances it is necessary and under what circumstances it would not be.
Performance and Breach Under what circumstances should courts not allow fully informed contracting parties to agree...
Performance and Breach Under what circumstances should courts not allow fully informed contracting parties to agree to limit remedies? Describe a specific situation where the contracting parties could or could not limit remedies. What societal and/or business principles might be involved in a court's decision?
What is a largest surplus cash amount? How could you find it out? What is the...
What is a largest surplus cash amount? How could you find it out? What is the largest shortage cash amount? How could you figure out it?
Suppose that contract for the sale of goods contains this clause: “Under no circumstances may any...
Suppose that contract for the sale of goods contains this clause: “Under no circumstances may any rights under this contract be assigned.” After the seller delivers goods to the buyer, may the seller assign the buyer’s unpaid account to a third party? Explain.
Evaluate circumstances under which the public debt could be a burden to future generations.
Evaluate circumstances under which the public debt could be a burden to future generations.
Under what circumstances does goodwill increase?
Under what circumstances does goodwill increase?
Under what circumstances qualified privilege is available
Under what circumstances qualified privilege is available
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT