How are e-contracts typically formed?

Prepare for the CA Foundation Business Law Exam with our comprehensive quiz. Utilize flashcards and multiple-choice questions, each complete with hints and explanations. Ace your exam confidently!

E-contracts are typically formed electronically, which encompasses a range of digital communication methods, including email, online forms, websites, and various other digital platforms. The key characteristic of e-contracts is that they utilize electronic means for negotiation, acceptance, and execution, allowing the parties to enter into a binding agreement without the need for physical presence.

This method of forming contracts is increasingly prevalent due to its convenience and the ability to quickly execute agreements across distances, which is vital in today's digital economy. In contrast, other options like in-person meetings, phone calls, or registered mail involve traditional methods of communication that do not align with the concept of electronic contracting.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy