Electronic Transactions Reforms

The purpose of this essay is to inform readers about the challenges faced by orderliness with regards to engine room. This is achieved through the means of assessing whether the reforms to the electronic Trans practiceions defend 1999 (Cth), has benefited conjunction in any way. The paper also summarises the arguments for and against a circumstance reform in the Electronic proceedings Amendment broadsheet 2011, which was to purportedly clarify when an offer is considered as an invitation to treat. It is a known occurrence that technology plays an ever-changing role in society. though technology has vastly improved the quality of life in umteen aspects, it has also created a number of challenges in which society must(prenominal) face on a repair basis. With regards to e-commerce, in particular, electronic contract (e-contract) formation, there is a somewhat vagueness as to how electronic sound proceeding and communications (in relation to Australias economy) ar regulat ed. This is where the Electronic Transactions Act 1999 (Cth) (ETA) takes place, it retains two distinct principles: usable equivalence, whereby both paper documents and electronic transactions are case-hardened equally by the law, as well as applied science science neutrality, which ensures that the law does non discriminate mingled with incompatible forms of technology.

As a result the Act not notwithstanding promotes the use of e-commerce, but also enforces a legal frame which sets Australia to be consistent with international standards, thus allowing for electronic transactions to be valid and lawful wa ys to do business. However, having an act fo! rmed in 1999 is not sufficed to neither debate nor backup up with continuous technological advancements; therefore some(prenominal) reforms affirm taken place to improve the ETA through the Electronic Transactions Amendment Bill 2011 (ETAB). Though already benefiting modern society, invariable and regular reforms to the Act will become essential as spacious as technology continues to evolve. This in fact becomes angiotensin-converting enzyme of the biggest...If you call for to get a full essay, order it on our website: OrderCustomPaper.com

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