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E Commerce Contract Law. The Internet changed almost all sides of the human activities. The electronic commerce is growing rapidly. It is naturally, such new informational channel in the business activity as Internet needs to be regulated legally. There are a number of problems in electronic commerce which should be covered by the appropriate laws and regulations. The electronic commerce brings the business activity to a qualitatively new level.
It reduces the time of the business procedures thus reducing the cost of the deal. The question of enforceability of the electronic contracts would bring a lot of legal misunderstanding if it were not regulated by the appropriate legal regulations. California was the first state to adopt an electronic contracting law on September 16, 1999. The legalization of the electronic contracting opened the new perspectives in business. At the same time the e-commerce affected and reshaped almost all processes involved into the business activity. The possibilities of the e-commerce are extremely valuable in such spheres as marketing, logistics, communication, banking and other activities which are parts of the business cooperation.
The Internet provides the direct access to the goods and services on one hand and delivers the information to the customers on the other hand. The Internet makes the cooperation easier, but at the same time it reduces the profit per transaction on the other hand. According to car dealers ''People know what you pay for your car, and they don't let you make the big profits. '' 1 The logistics processes have been modified completely since the introduction of e-commerce. Practically any logistics solution may be done by means of electronic channels. The freight forwarders use their own networks worldwide to trace the cargo and freight the vessels. The e-solutions have already impacted the business considerably and are supposed to be developed further.
It is naturally, the business communication including marketing has already come to a higher level and will be developed further. The huge sector of the business activity is the e-banking. The banking services have been developed considerably. Banking is the sector that adopted a great amount of the new products. This fact is more significant taking into consideration that the banking sector is a traditionally conservative one. The electronic banking products substitute the traditional banking services both in our everyday life and in the business payments.
The plastic banking systems were actually the first forms of e-commerce. Now the payments could be affected via the Internet without any difficulties. The electronic commerce has impacted the labor market considerably. On one hand the e-commerce leads to the automation of some job functions and replaces others with self-service operations, raising output per worker and dampening employment requirements in some occupations, as well as in the industries in which those occupations are concentrated. On the other hand, e-business has spurred employment in industries producing hardware, software, and systems used by e-businesses and in computer and other occupations associated with websites and networks. 2 The human resources market is supposed to be influenced by the e-commerce considerably.
The vast introduction of e-commerce brings the new challenges to the business security. It was very difficult to restructure the documental turnover connected with the business. The crucial problem is the validity of the electronic contracts. The law legalized the electronic authorization.
The enforceability of online contracts has also been the subject of many court cases recently, and the good news (if you like online contracting) is that they have generally been held to be enforceable. 3 The electronic commerce may cause a number of fraud cases and unfortunately, they are supposed to grow in a number and in a quality. Some of them are so called Nigerian Letter or " 419 " Fraud that combines the threat of impersonation fraud with a variation of an advance fee scheme in which a letter, mailed from Nigeria, offers the recipient the "opportunity" to share in a percentage of millions of dollars that the author, a self-proclaimed government official, is trying to transfer illegally out of Nigeria 4 Bibliography The Click Here Economy By Robert D. Hof in San Mateo, Calif. , with Gary McWilliams in Houston and Gabrielle Save in San Francisco, Business Week Online, available at web Daniel E. Hecker, Employment Impact of Electronic Business, Monthly Labor Review Online, May, 2001, Vol. 124, No. 5, available at web Contracting Law, Google Answers, available at web Nigerian Letter or " 419 " Fraud, FBI, available at web Citation: The Click Here Economy Daniel E. Hecker Contracting Law Nigerian Letter or " 419 " Fraud
Free research essays on topics related to: electronic commerce, e commerce, commerce, one hand, business activity
Research essay sample on Electronic Commerce E Commerce
