eBay Auction Contract Case Study
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 something you want to bid on, place a bid on it, and wait to see if your bid wins. If it doe, you send your information to the seller, and it return, he or she sends you your goods.
Is an eBay auction legally - binding contract? In a minimum 500 Words, consider whether a bid placed in an online action on eBay is ligally 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
Auctions held over eBay website are a legally binding contract. Therefore, a person placing a bid over the platform should make a conscious decision that in the event he/she wins a bid, they will be required to pay for the item. As per the law, the auction is an invitation to purchase given by a seller through advertisement. Offer establishes
