Case Analysis

Case  Analysis

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 find something you want  to bid  on, place a bid on it, and wait to see if your bid wins. If it does, you send your  information to the seller, and in return, he or she sends you your goods.

Is an eBay auction a legally-binding contract? In a minimum of 500 words,   consider whether a bid placed in an online auction on eBay is legally 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.