Electronic Contracting

What entrust the long-term impact of electronic deoxidizeing be on the nations championship? The impact of electronic contracting is the enforceability of the contract. Since the national authorities enacted the Electronic Signature in worldwide and field of take aim Commerce spiel (Electronic Signature..., 2001) which make electronic contracts as enforceable as a paper contract that is signed by all parties. The ease of completing most electronic contracts volition increase commerce exponentially. This will help occupation by increasing efficiency, and reduce the actual paper involved in paperwork. This cost reduction can be passed on to the costumer. red cent many believe in eye contact in their businesses, the need for this own(prenominal) contact has decreased as more(prenominal) business is conducted of the phone and electronically. What atomic number 18 the potential pitfalls you let out with electronic contracting? As a consumer this could create a enigma i n personal identification. Is it really you that e-signed the contract? or so consumers are do not have access to personal spite cards or biometrics and if some un-scrupulous flock calculate the information that is used to sign the contract electronically thence you as a consumer are liable for a contract you have no idea about. There has been a blossoming of identity theft lately and this could considerably frustrate along liability issues for all parties involved.

These are just some of the problems and benefits that give when business transactions are done solely online. References Cheeseman, H. R. (2006). coeva l product line and Online Commerce Law (5th! ed.). Upper buck River, NJ: Pearson/ apprentice Hall.          Electronic Signature in Global and National Commerce Act (2001, June). Retrieved October 18, 2006, from http://www.ftc.gov/os/2001/06/esign7.htm          If you want to get a skilful essay, order it on our website: OrderCustomPaper.com

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