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Explanation of Technology and Online Contracts

Online contracts are evolving just as fast as technology. Technology is posed as an avenue to allow two or more parties to conduct business domestically or globally. Online contracts are just as valid as traditional contracts. The laws governing online contracts remain contentious, resulting in new proposed laws. Online contracts include the purchase of an item over the Internet, access to information for particular databases, or any other agreement settled by the parties. In some cases, an electronic signature is used for accepting the terms and conditions of the contract. In other cases, the click of the 'I agree' button or I agree to the terms button, website downloads, or an email constitutes as a binding agreement.

Solution Preview

Online contracts are evolving just as fast as technology. Technology is posed as an avenue to allow two or more parties to conduct business domestically or globally. Online contracts are just as valid as traditional contracts. The laws governing online contracts remain contentious, resulting in new proposed laws. Online contracts include the purchase of an item over the Internet, access to information for particular databases (including Brainmass), or any other agreement settled by the parties. In some cases, an electronic signature is used for accepting the terms and conditions of the contract. In other ...

Solution Summary

This solution is consist of a detailed explanation of online contracts as it pertains to the statue of fraud. The Uniform Electronic Act of 1999 and the UCC is discussed in this solution. 371 words with 2 references.

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