Business Law: Online Auctions
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Why should you beware of "kid-bids" (bids by children)? What are other drawbacks to online auctions?
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Solution Summary
The solution discusses "kid bids" and other drawbacks to online auctions.
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Why should you beware of "kid-bids" (bids by children)?
The problem with kid-bids is that a minor, in most states, depending on the age, cannot enter into a contract. When you make a bid to purchase an item, you are stating an intent to purchase. Therefore, an offer and acceptance. A code section for this would be determined ...
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