Busin. Law Unit 3 Db

Electronic touchings have a tremendous positive opposition on E-commerce Without the social function of electronic signatures , hard copies of contracts and documents would have to be created and mailed between participating parties . The use of electronic signatures and contracts has enabled a larger volume of transactions to derive . In accessory , transactions can now more readily occur universallyThe use of electronic signatures enables the exchange of work or products for coin . There are a vast number of electronic banking services available online . By allowing electronic signatures and contracts , there has essentially become a virtual banking system that is then affiliated with the physical location of banks . Without the use of electronic signatures , the entire stomach world would be greatly altered and impededIn addition , the use of electronic signatures has had a tremendous impact on call on reduction . As an example , independent contractors can electronically sign 1099 tax forms and service for payment contracts . Prior to electronic signatures , all tax s had to be signed on hard copy .

Now through electronic contracts and signatures about anyone can fill out and tax returns and even pay tax fees through electronic bankingThe biggest pitfall of electronic contracts and signatures is the difficulty of identity theft . If someone steals credit cards and uses them electronically , the card holder is still legally responsible for the debt incurred . In addition , banking transactions can be tampered with electronically . some other pitfall is someone falsely signing electronically for services and products online with intent to pay . The person that was electronically signed is stimulate to the contract unless they can prove it was non their electronic signature . Hackers can route information on specific ISP s and influence victims vulnerable and with a difficult time proving that the individual did not enter the electronic signature...If you want to get a abundant essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper