Indicate whether each of the following statements is true or false by writing T or F in the answer column.

1. The Securities and Exchange Commission requires that prospective investors review all of a firm’s financial information prior to purchasing any stock in the company.

2. Touting occurs when an investor who owns shares of a company’s stock posts notices online indicating that the value of the company’s stock will increase.

3. The Federal Trade Commission is responsible for ensuring that advertising in the United States is truthful.

4. A deceptive advertisement is one that contains a material misrepresentation, omission, or practice likely to mislead a consumer who acts reasonably under the circumstances

5. The Federal Trade Commission does not have jurisdiction over advertisements that appear on web pages.

6. Companies that provide websites that are forums for music to be shared without permission of the owners may be liable for copyright infringement.

7. Most courts will acknowledge that by clicking the “I accept” button, the user has accepted the offer contained on the web page.

8. Simply visiting a website can sometimes indicate an acceptance by the user of the terms contained on the site.

9. Contracts of adhesion in cyberspace are valid unless they contain terms that are unreasonable.

10. An electronic signature will not satisfy the Statute of Frauds.

11. The Electronic Signatures in Global and National Commerce Act pertains only to cases in which the offeror and the offeree are from different countries.

12. Mediation is a form of alternative dispute resolution in which a neutral party decides a case as if he or she were a judge and jury.

13. A disadvantage to alternative dispute resolution is that it is far more time-consuming than litigation.

14. A state wishing to collect a sales tax levies the tax on the buyer of goods but usually requires the seller to collect the tax.

15. A use tax is a tax to a consumer who uses goods within a state, as opposed to buying them within the state.