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Business And Corporate Law

Added on - 23 Sep 2019

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Running Head:Business And Corporate LawBUSINESS AND CORPORATE LAW
2Business And Corporate LawTable of ContentsPart A: Contract law question..........................................................................................................3Issue.............................................................................................................................................3Rule..............................................................................................................................................4Application...................................................................................................................................4Conclusion...................................................................................................................................6Reference List..............................................................................................................................7Part B: Corporations Law question..................................................................................................8Issue.............................................................................................................................................8Rule..............................................................................................................................................9Application...................................................................................................................................9Conclusion.................................................................................................................................11Reference List............................................................................................................................12
3Business And Corporate LawPart A: Contract law questionQuestion:What sort of problems may arise in contract law for users of e-commerce? DiscussIssueDue to the increment of digital communication technology, the modern businesses are shiftingtowards achieving the wide opportunity of online business. Hence, a huge number of customersare developing relationship with these businesses and ecommerce businesses are become popularin recent days. In such context, issues related to online transactions are governed by the contractlaw. Under the governance of this Contract law, all the e-commerce businesses need to developlegal agreement and privacy policy to keep the consumer’s credential confidential1. Theconsumers need to agree with the contract agreement by clicking in the checkbox. However, indigital transaction, the customers are facing several issues related to offer of acceptance,enforceability, e commerce jurisdiction and globalisation of business. Due to virtual transactionbetween two parties through internet, the main issue in e commerce transaction is the misleadinganother party by breaching the contract with unlawful activity.In addition to that, due to rise of online business, the legislation authority or jurisdiction faceseveral challenges to apply the legal power to enforce the contract law on every onlinetransaction. Moreover, globalisation of the e commerce business may lead the legal contractbetween both the parties to be breached2.1Cuniberti, G. (2016). The Laws of Asian International Business Transactions.Pac. Rim L. & Pol'y J.,25, 35.Retrieved on 22 April 2019 from:https://digitalcommons.law.uw.edu/cgi/viewcontent.cgi?article=1720&context=wilj2Giancaspro, M. (2017). Is a ‘smart contract’really a smart idea? Insights from a legal perspective.Computer law &security review,33(6), 825-835. Retrieved on 22 April 2019 from:https://www.researchgate.net/profile/Mark_Giancaspro/publication/317354410_Is_a_%27smart_contract
4Business And Corporate LawRuleIn order to develop a transparent relation between the business owners of the e commercebusinesses and consumers the implication of Contract law seems helpful. With the implication ofElectronic Transactions Act 1999(Cth), it can be possible to develop a transparent framework tomaintain authenticity in electronic data exchange. Hence, thisElectronic Transactions Act 1999helps the customers as well as the e commerce business owners to develop an e-paper basedtransactional contract to maintain legal business relationship3. This mentioned Act provides auniform legislative framework around Australia to maintain legal e-business contracts. Thesubsections14(1)of thisElectronic Transaction Act 1999provides a legislation to maintain legalterms and conditions between the offeror and offeree in order to mitigate legal contract-relateddifficulties during online business process. Moreover, under the provision of this Act, ecommerce businesses need to maintain a legal offer of acceptance by following the normsimplemented by jurisdiction and legislation of the country4. The e commerce business authorityneeds to ensure that the provided offers have been accepted by the customers. However, it seemsdifficult to reserve the contract principles in case of online contract with the use of set of rulesimplemented for enforcing physical contracts between two or more parties.%27_really_a_smart_idea_Insights_from_a_legal_perspective/links/5c2d5891a6fdccfc707902d8/Is-a-smart-contract-really-a-smart-idea-Insights-from-a-legal-perspective.pdf3Accc.gov.au, 2019.Contract and agreements.Retrieved on 22 April 2019 from:https://www.accc.gov.au/consumers/contracts-agreements4Australiancontractlaw.com, 2019.Contract law.Retrieved on 22 April 2019 from:https://www.australiancontractlaw.com/contractlaw.html
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