How businesses comply with legislations regarding sales over the Essay

How businesses comply with legislations regarding sales over the internet - Essay Example E-Commerce is the new way of doing business in today’s world of the internet. It allows vendors to utilize several convenient channels in order to deliver products and any necessary information directly to the customer. It does this at a lower cost than the conventional methods. The benefit to the consumer is the obtention of numerous choices for purchasing goods and services without restrictions of time and space. This new way of buying and selling has not only had influence on the people’s way of living, but has also made them to adapt to novel behavioural methods in order to use such technology in their day to day life. However, several legal issues have arisen due to the lacuna in many of the existing legislations, which had not been drafted with the considerations of electronic transactions that deal the buying and the selling of intangible products via non-physical border networks (Kwok, Yang and Tam, 2004). Distance selling regulations are those that protect people who make purchases by phone, e – mail, internet or digital television. The protection offered to consumers is first, the right to obtain unambiguous information about available goods and services; secondly, written confirmation of such information; thirdly, provision of a seven working day period within which a consumer can rescind the contract and lastly, protection from credit card fraud (The Consumer Protection (Distance Selling) Regulations 2000, 31st August 2000). In addition, E – commerce Regulations make the EC Directive on E – commerce into UK law. This Directive requires Member States to guarantee that contracts can be completed electronically. On the 21st of August 2002 The Electronic Commerce Directive & The Electronic Commerce (EC Directive) Regulations 2002, brought into UK law most of the provisions of the Electronic Commerce Directive 2000/31/EC (The