Question

With the growth of e-commerce (the buying and selling of information, products and services via computer networks), there is a rapid advancement in the use of e-contracts; however the deployment of electronic contracts poses a lot of challenges at three levels, namely conceptual, logical and implementation. 
Discuss the scope, nature, legality and other issues related to e-contracts using supporting resources and examples.
This assignment relates to the following Course Learning Requirements:

CLR 1: Compare strategies used to manage risks in an organization's business activities

CLR 2: Synthesize substantive laws that may impact businesses

CLR 4: Explain the relevance of internal controls in a business that could mitigate business and legal risks and promote compliance with laws

Answer 1

1. e-contract is a way for successful negotiation of contracts for e-commerce business and the consumer which is enacted by a computer software.

2. These can be three kinds basically where by clicking ''I agree/accept'', contracts are formed which are known as Web-wrap agreements and other by installing software from a CD-ROM known as Shrink-wrap agreements. Browse-wrap agreements include various acceptance agreements we daily come across through the websites.

3. Various user agreements of Amazon, e-bay, etc., are web-wrap agreements and Nokia pc-suite installation is the best example for shrink wrap agreements.

4. Greater risks of consumer liability, privacy, copyright issues are contributing as major issues where proper care is to be taken.

5.Various agreements like sale deed, trust deed, negotiable instruments are excluded from the IT Act 2000. Many of the agreements and their enforcement remains uncertain and specific actions are to be taken in the future to overcome them as everything happens tend to digital.