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 organisation enacted the Electronic Signature in orbicular and field of speculate 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 go forth increase commerce exponentially. This will help line of reasoning by increasing efficiency, and reduce the actual paper involved in paperwork. This cost reduction can be passed on to the costumer. spot many believe in eye contact in their businesses, the need for this individual(prenominal) contact has decreased as more(prenominal) business is conducted of the phone and electronically. What atomic number 18 the potential pitfalls you implement with electronic contracting? As a consumer this could crea te a enigma in personal identification. Is it really you that e-signed the contract? nearly consumers are do not have access to personal spite cards or biometrics and if some un-scrupulous race 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 answer liability issues for all parties involved.

These are just some of the problems and benefits that decease when business transactions are done solely online. References Cheeseman, H. R . (2006). contemporary product line and Onl! ine Commerce Law (5th ed.). Upper bill 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 run a skilful essay, order it on our website: BestEssayCheap.com

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