DIFFERENT TYPES OF ECOMMERCE

May 29th, 2015
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Academy of Art University
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Legal Aspects The world is used to conducting business and commerce on signed paper documents. Two millennia of commerce has been based on the written document with its value ‘authorized’ by the signature of a duly authorized officer. The current legal practice has paper documents and signatures affixed thereon as its foundation. Electronic documents and messages, without the familiar signatures and marks, have changes the scene.

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LEGAL ASPECTS OF E- COMMERCELegal AspectsThe world is used to conducting business and commerce on signed paper documents. Two millennia of commerce has been based on the written document with its value authorized by the signature of a duly authorized officer. The current legal practice has paper documents and signatures affixed thereon as its foundation. Electronic documents and messages, without the familiar signatures and marks, have changes the scene. However, trade still wants to be assured that the electronic world is safe. The EC system must, therefore, offer at least the same level of reliability as that which obtains in the paper world notwithstanding the significant difference between the concepts embodied in electronic messages and paper documents. It is well known that frauds do take place in the traditional paper based commercial transaction. Signatures can be forg

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