Full question:
What is an E-contract? Does it have anything to do with contract? Does the E stands for electric?
- Category: Contracts
- Date:
- State: Louisiana
Answer:
An E-contract, or electronic contract, is a legal agreement created and signed digitally. It functions similarly to traditional contracts but is executed online. The 'E' in E-contract stands for 'electronic', not 'electric'. These contracts are legally binding, provided they meet the necessary legal requirements, such as mutual consent and consideration.
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