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Running head: LEGALITY OF AN EBAY AUCTION BIDIs an eBay auction a legally binding contract?NameCourseTutorDate1LEGALITY OF AN EBAY AUCTION BIDIs an eBay auction a legally binding contract?IntroductionEBay is an e-commerce corporation based in America whose role in e-commerce is thefacilitation of business to consumer and consumer to consumer sales via its online website.Whether every eBay auction bid is a legally binding contract is a question that is common in thelaw of business. eBay is a place of meeting that makes it possible for sellers to place displays ofthe items they intend to sell, and the customers can compete for the items by placing their bids.When the auction begins, potential buyers place their bids, and the bid that represents the finalauction bid is what becomes a legal contract that gets formed between the seller and the buyerbecause it will have the elements of contracts that include, offer, acceptance, consideration, andcapacity (Yonjan, 2019). This paper provides further details of whether an eBay auction is alegally binding contract.Analysis of Rules of contractA contract has to be legally binding to be able to be enforced by courts. For this reason,the following elements should be present in an agreement for it to be legally binding. The firstelement is the offer in which a product gets presented by the seller, and then an offer gets made.A bid gives an indication of an acceptable price that is possible, but the process of bi ...


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