Uniform Electronic Transactions Act Mark Made Easy

Uniform Electronic Transactions Act

hello and welcome to another exciting edition of business law today and in this particular episode we're going to talk about econ tracks and the exciting world of online digital contracts and the first thing that we look at is a e contract now an e contract is just a regular old contract and so all of the normal common law principles for contract law still apply in the e contract context and so understanding that whether it's the ACT laughs principles of offer and acceptance and capacity and consideration and legality and form and all of those kinds of things still apply and so we have to have the normal contract principles satisfied but then there are some extra issues that arise when we talk about online interactions so the first thing we look at is the online offer of course we have to have offer and acceptance so where does the offer take place now the sellers website controls the transaction and in some ways online interactions are actually cleaner than on offline or real world transactions because you don't have any usually any face-to-face conversation so it really kind of eliminates a lot of potential disputes because everything is done online so what exactly is the offer well the sellers website should include the hyperlink to the page with the full contract so when you click buy now there's a little link underneath there that says click here to see the full contract terms that is part of the contract and even though you never click on that I'm sure you don't even though you never do you're still bound to those particular provisions that's called a click on agreement and it's part of the requirement part of part of the contract itself so what kinds of things would we expect to see in an agreement like that well let's look at an example here's my favorite website for buying cool junk online and that's what but my real favorite part of whoot is the shirk section and so they have top 20 shirts of all time there's some real good ones in here let's see where's the one I really like oh this one's really cool you've got Indiana Jones discovering han Solo frozen in carbonite this one's kind of funny outside where real stuff happens kind of a good plug for our online contract so where is the agreement where are the terms that we would look for in fighting well anytime you're looking for that stuff look all the way down to the bottom and where is it well let's look back on the main page and see if we can find it there shall we I mean where else could you find a website where you could buy a bidet and shoes with toes on the same website come on it's awesome okay so let's see here terms and conditions that's what we're looking for and as you can expect with loot anything...