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Internet, Electronic Business Impact And Potenital
by Gabriel Rise
With this staggering growth, as more and more people opting to buy things on Internet, this increasing enthusiasm has led to make new laws to protect the costumers. When on September, 16, 1999, Ex-Governor, Gray Davis signed Bill 820, made California the first state to adopt Uniform Electronic Transaction Act (UETA). The underlying purpose of the Act is to ensure that electronic contracts (records and signatures) have the same legal effect as their hard copy counterparts. The proponents of the Act claim that with the passage of the bill, the business community and the online costumers will greatly be benefited. The questions that arise here are how this growing trend affects the only business and if there is any drawbacks. This is a revolution that electronic contracting is low-cost and quicker way of transaction than the conventional paper contracting offering brand new opportunities to both buyers and sellers. The spontaneous expansion of electronic transactions during the last decade has expedited the efforts to correspond the law that govern the international commerce transaction. On the other hand, implementation of IT for the support of B2B electronic transacting needs an exact account of the actions that are to be performed by both consumers and the sellers. As we notice during the last few years that people all over the world are buying more and more goods on Internet and it is a fact that now internet business cross the barrier of trillion-dollar benchmark, this mega increase in the business activities really push the business. The effect of electronic contracting on nation’s business is very much positive and with the increasing technological advances, transaction accrued through electronic contracting is becoming safe and reliable. But, still some experts are not satisfied with this new kind of business transaction and they demand more safeguards to protect the money and the privacy of the costumers and especially to avoid any theft and fraud. But the proponents of the Internet contracting are very much optimistic and they are on the view that complaints about fraud are few and less. It is possible that changes now taking place in the electronic contracting technologies may significantly change the terms of this debate. Transaction through electronic contracting can take place by three modes shrink wrap contract, click wrap agreement and browse wrap transaction. Although the first type of transaction (the shrink rap) has been around for some time and actually exists in a paper environment, the other two types of transactions (click wrap and browse wrap) are unique to electronic commerce. But all of the above modes of transaction through electronic contracting have loopholes in the systems — the main is the assent of the costumer. Here an important question is that when any website offering any product or service what constitute a real conduct for getting assent through terms and conditions. It is generally observed that most of the costumers show haste while clicking the order button and they don’t bother to read the Terms and Conditions of the website this very omission may cause them that they didn’t expect in the first place.
Gabriel Rise has been experiencing in http://www.ma-dissertations.com/literature_review.php and http://www.ma-dissertations.com/methodology_chapter.php writing for several years. Now she is consulting writers and customers on http://www.ma-dissertations.com/thesis_statement.php writing.
These articles on lifestyle and more
Return to the selection of internet
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You may want to try these websites for additional information
http://www.isoc.org/internet-history/brief.html
http://www.webopedia.com/
http://www.internic.net/whois.html
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
With this staggering growth, as more and more people opting to buy things on Internet, this increasing enthusiasm has led to make new laws to protect the costumers. When on September, 16, 1999, Ex-Governor, Gray Davis signed Bill 820, made California the first state to adopt Uniform Electronic Transaction Act (UETA). The underlying purpose of the Act is to ensure that electronic contracts (records and signatures) have the same legal effect as their hard copy counterparts. The proponents of the Act claim that with the passage of the bill, the business community and the online costumers will greatly be benefited. The questions that arise here are how this growing trend affects the only business and if there is any drawbacks. This is a revolution that electronic contracting is low-cost and quicker way of transaction than the conventional paper contracting offering brand new opportunities to both buyers and sellers. The spontaneous expansion of electronic transactions during the last decade has expedited the efforts to correspond the law that govern the international commerce transaction. On the other hand, implementation of IT for the support of B2B electronic transacting needs an exact account of the actions that are to be performed by both consumers and the sellers. As we notice during the last few years that people all over the world are buying more and more goods on Internet and it is a fact that now internet business cross the barrier of trillion-dollar benchmark, this mega increase in the business activities really push the business. The effect of electronic contracting on nation’s business is very much positive and with the increasing technological advances, transaction accrued through electronic contracting is becoming safe and reliable. But, still some experts are not satisfied with this new kind of business transaction and they demand more safeguards to protect the money and the privacy of the costumers and especially to avoid any theft and fraud. But the proponents of the Internet contracting are very much optimistic and they are on the view that complaints about fraud are few and less. It is possible that changes now taking place in the electronic contracting technologies may significantly change the terms of this debate. Transaction through electronic contracting can take place by three modes shrink wrap contract, click wrap agreement and browse wrap transaction. Although the first type of transaction (the shrink rap) has been around for some time and actually exists in a paper environment, the other two types of transactions (click wrap and browse wrap) are unique to electronic commerce. But all of the above modes of transaction through electronic contracting have loopholes in the systems — the main is the assent of the costumer. Here an important question is that when any website offering any product or service what constitute a real conduct for getting assent through terms and conditions. It is generally observed that most of the costumers show haste while clicking the order button and they don’t bother to read the Terms and Conditions of the website this very omission may cause them that they didn’t expect in the first place.
Gabriel Rise has been experiencing in http://www.ma-dissertations.com/literature_review.php and http://www.ma-dissertations.com/methodology_chapter.php writing for several years. Now she is consulting writers and customers on http://www.ma-dissertations.com/thesis_statement.php writing.
These articles on lifestyle and more
free for copy and distribution internet
Return to the selection of internet
You may want to try these articles on internet
Internet, Do You Need A Mailing-list Of Your Own? by Jos Van Helvoirt Approximately 399 Words
Internet, Link-building & The Virtue Of Patience by Sharon Elrod Approximately 579 Words
Internet, New Features Offered In Microsoft Crm by Sayed Ally Approximately 555 Words
Internet, Earning Website Revenue From Advertising by Connie Limon Approximately 673 Words
Internet, Promoting A New Website by Sandy Schipani Approximately 353 Words
Internet, Avoiding Work At Home (home Business) And Internet Scams “ Part I by Guillermo Jalil Approximately 929 Words
Internet, Link Relevance by David Andrew Smith Approximately 538 Words
Internet, Find Solutions With Crm Software by Sayed Ally Approximately 733 Words
You may want to try these websites for additional information
http://www.isoc.org/internet-history/brief.html
http://www.webopedia.com/
http://www.internic.net/whois.html
The information provided in this article is the express opinion of the author. Exchangenet is not responsible for the content!
