Contract Law in Electronic Commerce

Diplomarbeit, die am 20.12.2000 erfolgreich an einer Technische Universität in Deutschland im Fachbereich Rechts- und Wirtschaftswissenschaften eingereicht wurde. Abstract: This paper was written during my studies at Georgia State University, Atlanta in Fall 2000 in the context of an exchange program between Georgia State University and Technische Universität Darmstadt. Its subject is the new contract law in electronic commerce. The paper starts with an illustration of the situation of legal uncertainty prior to the establishment of a specific contract law in electronic commerce. Many laws governing contract formation were drafted before the existence of electronic messaging and did not adequately address the challenges of electronic transactions. Furthermore, electronic transactions were often hindered by the diversity of state laws. This situation was considered to place some severe legal obstacles to the development of electronic commerce. In 1997, President Clinton and Vice President Gore unveiled their "Framework for Global Electronic Commerce." This issue defined the main goals for the future development of both domestic and global electronic commerce. The general objective was to establish a "Uniform Commercial Code" for this ascending sector of commerce in order to facilitate and enforce electronic transactions. The legislative efforts to achieve those goals recently resulted in two uniform acts, the Uniform Computer Information Transactions Act (UCITA) and the Uniform Electronic Transactions Act (UETA), and the federal Electronic Signatures in Global and National Commerce Act (E-sign Act). The paper deals with these new legislative approaches. Aside from the presentation of the scopes of the different acts the paper focuses on their fundamental principles and major provisions. Furthermore, it discusses the new enactments in the context of a selection of fundamental legal issues raised by electronic commerce. This discussion finally shows tha...