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CMA Foundation · Fundamentals of Business Laws and Business Communication · E-Contracts and E-Signature - Meanings and Requirements

Which of the following is covered by Section 10A of the IT Act, 2000 as capable of being expressed in electronic form in contract formation?

Section 10A covers the communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptances when expressed in electronic form or by electronic records. It is therefore not limited to acceptance alone or to a final written document; the whole formation process is covered.

  1. AOnly the acceptance of a proposal
  2. BOnly the proposal and not its revocation
  3. CCommunication of proposals, acceptances, and revocations of proposals and acceptancesCorrect
  4. DOnly the final written agreement after negotiation

Explanation

Section 10A lists the communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptances. Options A and B are too narrow. Option D wrongly limits it to a final written agreement.

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