Has the given developed out of necessity

Reference no: EM131499310

Discussion

Until 1677 and the creation of the Statute of Frauds in England, all contracts could be either written or oral and yet be equally binding on the parties. After 1677, the law required certain types of contracts (such as contracts to buy or sell land) to be both made in writing and executed with the physical signatures of all of the parties involved. At any time thereafter, either party could challenge authenticity of the physical signature of his/her own handwriting or the handwriting of the other party. Recently, with the increase of eCommerce, electronic signature (non-physical) has become as equally binding as the physical signature with severe limitation allowed in challenging the authenticity. Has this developed out of necessity, or have we simply moved too far with the law accommodating the digital age?

Reference no: EM131499310

Questions Cloud

What is the ending balance of retained earnings : A hospitality operation began with retained earnings of $146,000. During the year, cash dividends of $100,000 were paid to the owners. Net income for the year.

Compare and contrast these network servers : Suppose you are a network administrator and your boss indicates that a budget has been set aside to upgrade the network servers for the entire company.

What is the departments contributory income : A food department reported sales revenue of $128,800 and direct costs of $68,200 during March. Determine the following.

Determining the operations decision : Use the updated demand (QD) and marginal revenue (MR) functions below to complete this assignment.

Has the given developed out of necessity : Until 1677 and the creation of Statute of Frauds. Has this developed out of necessity, or have we simply moved too far with law accommodating the digital age?

What is the average product : 1) Consider the production function: Q= 12L- 2L2. Where Q is quantity of output, and L is labor. What is the average product?

How did enlightenment ideas transform the world : How did Enlightenment ideas transform the world? How did the abolition of the slave trade affect African society

Paper on hospitality and retail sectors : Paper on Hospitality and retail sectors - what will be the effect on economy?

Economically efficient level of something : Give an example (it does not have to relate to pollution) to describe the difference between the economically efficient level of something

User Account

All Pages