True or False no need to explain just answer please thank you.

1. A virtual community is a gathering place for people and businesses that does not have a physical existence.

2. Some social networking sites allow non-members to create/publish a free profile.

3. Smaller social networking sites that have a more specialized appeal can draw enough visitors to generate significant amounts of advertising revenue.

4. Although most social networking sites use advertising to support their operations, some do charge consumers a fee for some services.

5. Monetizing refers to the conversion of existing regular site visitors seeking free information or services into fee-paying subscribers of services.

6. Short messaging service (SMS), which allows mobile phone users to send short text messages to each other is also known as texting.

7. Using Internet technologies can also change the structure of businesses in ways that create new legal questions.

8. Every kind of agreement/exchange between parties is a type of contract.

9. Every time a consumer buys an item at the supermarket, the elements of a valid contract are met.

10. The following could be an example of a Business Contract: The consumer makes an offer by indicating willingness to buy the product for the stated price.

11. Offers and acceptances can occur when parties exchange e-mail messages, engage in electronic data interchange (EDI), or fill out forms on Web pages.

12. Business contracts are also called terms of service (ToS).

13. An implied warranty is a promise to which the seller can be held even though the seller did not make an explicit statement of that promise.

14. A patent is an exclusive right granted by the customers to an individual to make, use, and sell an invention.

15. Ethical issues are significant in online privacy because laws have not kept pace with the growth of the Internet and the Web.