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This week, we examine contracts in the business environment. Lets look at at how modern day contracts and contract law co-exist in a changing business environment.
Over the years, common law doctrine governed how contracts were formed and executed. As things changes and commerce become more accelerated, the Uniform Commercial Code was formed. In particular, Afticle II of the UCC governs commercial contracts.
But today, it became apparent that both common law and UCC did not really addressed contracts bourne out of the internet. Thus, The Uniform Computer Information Transaction Act (UCITA) was created. Answer the following questions:
1) What issues does an internet contract pose?
2) What is the mailbox rule and what issue does it present for e-contracts?
3) What is the UCITA?
4) Is the UCITA important and why?
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