In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Showing posts with label electronic commerce. Show all posts
Showing posts with label electronic commerce. Show all posts

Wednesday, October 17, 2012

Law vs Electronic Commerce

A great deal of uncertainty surrounds the impact of the continuing growth of electronic commerce (e-commerce) on existing law.

While commercial law has evolved over the centuries in response to the development of trade in goods and services, within or across nations, the emergence of an electronic medium (‘cyberspace’) as an additional avenue for trade has pushed to the fore many questions: whether and how an adaption of existing law would possible, appropriate or sufficient to catch up with the problems thrown up by the new medium.

For one thing, the nature and effects of transactions that would ordinarily have been taken for granted had they occurred on non-electronic media confound established notions of commercial law.

Secondly, the unpredictability of the ultimate consequence of such transactions to the respective trading partners, who would be more likely to come from different jurisdictions, prompts scrutiny of preexisting, widely accepted formulations in domestic trade law, custom and treat among nations.

A major feature of the emergent situation that the impact of e-commerce on the law has not been across the board, simply because e-commerce has not been developing evenly.

Most transactions ton date relate to the purchase of computer hardware or software or the supply of information of various types; plain news, financial data, entertainment, education, travel, advertisement, health and DIY tips.

These item have one characteristic, namely the buyers’ lack of interest in, or disregard of, any need to have to conduct checking r inspection prior to purchase, or at any rate, before delivery.

In light of the general uncertainty surrounding the status of the online buyer and seller, the relevant law and of how it might be applied on behalf of a buyer claiming redress, the purchase of “safe” items acquires as precautionary significance.

In other words, the very nature of the involved in the transactions seems to rule out any fundamental failure that cold surface at a later stage and necessitate the intervention of the law to resolve the consequence of that failure.

Obviously, once money has passed form buyer to the seller, the path to recovery of that money, let alone further damages as would be expected under normal contract law, could be too complicated for the buyer to understand or pursue.

What makes the flight of an on-line buyer who seeks redress intractable is that solutions to online legal disputes are only just evolving in bits and pieces. New rules have begun to emerge in the form of statuary reforms in single jurisdiction or through case decisions on disputes arising from on-line transaction.
Law vs Electronic Commerce

Monday, March 28, 2011

Online Shopping

Wondering how many people actually shop online, let’s take a look at that…

• $107 BILLION $ were spent online in 2006
• 79% of all people using the Internet bought something online last year.

Online shopping topped $65 billion in 2004. Two years later it was $107 Billion. That’s a lot of shopping.

Online shopping is becoming more and more commonplace. It has been predicted that U.S. online shoppers will double to 132 million in the next five years. With today's hectic schedules, people need a way to save time, and shopping online is a way to do this. In a recent study, it was found that 19% of Internet users shop online once per week and this number is expected to continue to grow.

Have a look at some of the reasons to shop online:

Save Gas.
This one is a no-brainer. Don’t have to drive to buy something, just saved money.

Save Time.
This should be a no-brainer as well. Don’t have to leave the house and drive to the store, wait in line, or deal with traffic – saved a lot of time.

Save Money.
Can often find great deals online that can’t find in the stores. Why? Because the store doesn’t have the same expense of a retail “brick & mortar” location, sales people, etc. They’re just shipping things from a warehouse. They are able to pass the savings on to the consumer.

Things are delivered right to the door.
Regardless of the weather, rain snow, thunder and lightening the order will be delivered right to the door.

The items are always the right size & color.
Instead of going to the store and discovering they don’t have the size & color want, or they are sold out of that model, etc., the customer can access to their entire warehouse!

Reduce Greenhouse Emissions.
Online shopping will put fewer cars on the road, thus fewer carbon emissions into our atmosphere. And that can only be a good thing!

Can make money every time shopping.
Besides the fact that can save money through Shopping Rebates, customer can introduce their friends and family to shopping online and make even more money! How much more motivated would people be to shop online if they made money every time they shop.

In the right place at the right time, with the most technologically advanced Internet. It simply doesn’t get any better than that! Stay home, click through, and buy what you want and make and save money!
Online Shopping

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