Reference no: EM131981392

1: Conducting business over the Internet is the new norm today, in fact many business transactions in the form of contracts are conducted over the Internet. Five years ago, I purchased my home on the Internet.

Contracts is an agreement between two parties that is enforced by a court of law. With e-contracts, in the beginning, many felt as though the law would not protect them in the event of a mishap. The Uniform Computer Information Transactions Act (UCITA), was developed by the National Conference of Commissioners on Uniformed state laws. It's a commercial code for software licenses and other computer information transaction. Basically, its ethics in computing.

I really like the fact that binding contracts can be done over the Internet between two parties. When I purchased my home this way, its was effortless and very time saving. Being in the Army and always on the go, this is an extreme convenience.

2:Hi there Roger, you're absolutely right as the Internet is the new norm today. Many contract transactions are done on the Internet. I, for example, got my school loan for UOP on online, the paperwork and my signature. Amazing how technology keeps moving forward. Renewing contracts and transactions have never been easier. Electronic Contracts are much easier and faster to complete.

According to our text a contract is an agreement that is enforceable by a court of law or equity and as long as the contract contains certain elements, the contract is enforceable ( agreement, consideration, contractual capacity, and lawful object).

3:Trade Secret is an interesting topic. Trade Secret is also called intellectual property or proprietary information. Trade secret gives any business a competitive advantage over the competition. "Anything that gives you an advantage against a competitor is highly valuable and worth protecting" (VLF, P.C.). As our textbooks says, "many businesses are successful because of their trade secrets."

A trade formula can be product formula, pattern, design, compilation of data, customer list, or other business secret, page 132. One interesting trade secret is Krispy Kreme Doughnut, it has been a trade secret for 70 years and only a few employees have access to the recipe and the recipe sure is locked in company's headquarters.

Lets laugh a little.... Just like the Krabby Patty secret formula. Mr. Krabs defends that secret formula from Plankton with his life. I understand now intellectual property trade secrets.

Famous Trade Secrets

4:Mr. Owner's legal defense will be difficult. If the assistant truly waited until his break was over to clean up the spill, then I think Mr. Owner has a huge problem. Mr. Owner could be liable for all damages to include pain and suffering. I think that the owner would be responsible for the loss ring, broken arm and loss wages due to the victim having to take time off of work. This will include medical bills. The stolen purse, I don't think Mr. Owner would be liable for.

Now, my question is, people tend to look at the floor as they are walking. In this case, Ms. Shopper was in such a hurry that she didn't see the spill.

Could she be negligent? I was hit by a car due to me falling trying to cross the street as a young person. The judge in the case ruled that I was negligent and should have waited longer to cross the street.

He did care about the fact that I slipped and tried to get up and still getting hit. The driver never tried to slow down, which was my narrative.