Like Legal Law

**Q.3 – “Traditional business models have found extension in electronic medium.” In light of this statement, explain the statutory provisions of e-contract relating to: (a) Attribution of electronic records (b) Acknowledgement of receipt (c) Time and place of dispatch and receipt of electronic record.** 1. Introduction Traditional business earlier depended on: face-to-face contracts, paper documents, physical signatures, and postal communication. With the growth of the internet , traditional business models shifted to e-commerce , and paper contracts changed into electronic contracts (e-contracts). The Information Technology Act, 2000 gives legal recognition to: electronic records, digital signatures, and online contract formation. Sections 11, 12, and 13 of the IT Act deal with how e-contracts are attributed, acknowledged, and when/where they are considered sent and received. 2. Meaning of E-Contract An e-contract is a contract created, signed, communicated...