Under the Information Technology Act 2000, which of the following is true regarding contracts formed through electronic communication?
Electronic contracts are always unenforceable due to their form
Contracts formed electronically are deemed unenforceable if proposals are revoked
Electronic form or means of communication does not impact the enforceability of contracts
Acceptance of proposals electronically renders contracts void
None of the above
View Answer
Correct Answer: C — Electronic form or means of communication does not impact the enforceability of contracts
Explanation:
Section 10A of the IT Act, 2000 provides that where proposals, acceptances, or revocations in a contract are expressed in electronic form or via electronic records, the contract shall not be deemed unenforceable solely because electronic means were used. The electronic form does not affect the enforceability of the contract.