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 governing body enacted the Electronic Signature in globose and field of orbit 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 leave increase commerce exponentially. This will help art by increasing efficiency, and reduce the actual paper involved in paperwork. This cost reduction can be passed on to the costumer. crap many believe in eye contact in their businesses, the need for this individualized contact has decreased as more(prenominal) business is conducted of the phone and electronically. What atomic number 18 the potential pitfalls you apprehend with electronic contracting? As a consumer this could create a enigma in personal iden tification. Is it really you that e-signed the contract? near consumers are do not have access to personal spite cards or biometrics and if some un-scrupulous batch 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 gravel liability issues for all parties involved.

These are just some of the problems and benefits that total when business transactions are done solely online. References Cheeseman, H. R. (2006). contemporaneous prod uct line and Online Commerce Law (5th ed.). ! Upper charge 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 discombobulate a skilful essay, order it on our website: BestEssayCheap.com

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