Chapter 11 - Written contracts and cyber-commerce. After completing this chapter, students will be able to: Identify the goals of the statute of frauds, identify those contracts that must be in writing, list the information that must be in the writing, explain the standard construction rule, discuss the parol evidence rule,...
Business Law with UCC Applications,13e Written Contracts and Cyber-Commerce Chapter 11 McGrawHill/Irwin Copyright © 2013 by The McGrawHill Companies, Inc. All rights reserved Learning Objectives Identify the goals of the Statute of Frauds Identify those contracts that must be in writing List the information that must be in the writing Explain the Standard Construction Rule Discuss the Parol Evidence Rule 112 Learning Objectives Explain the exceptions to the Parol Evidence Rule Explain the Best Evidence Rule Discuss the Equal Dignities Rule Explain the problems associated with cyber-commerce 10.Outline the latest cyber-commerce statutes 113 Written Contracts and Cyber-Commerce • The Statute of Frauds – Contracts that Must Be in Writing – The Contents of a Writing 114 Written Contracts and Cyber-Commerce • Contracts that Must Be in Writing – – – – Contracts that cannot be completed within one year Contracts transferring real property rights Contracts for the sale of goods of $500 or more Certain contracts entered into by executors and administrators – Contracts by one party to pay a debt incurred by another party – Contracts in consideration of marriage – Other contracts 115 Written Contracts and Cyber-Commerce • The Contents of a Writing – Elements of a Writing 116 Written Contracts and Cyber-Commerce • Legal Rules for Written Contracts – The Standard Construction Rule – The Parol Evidence Rule – The Best Evidence Rule – The Equal Dignities Rule 117 Written Contracts and Cyber-Commerce • The Parol Evidence Rule – Exceptions to the parol evidence rule 118 Written Contracts and Cyber-Commerce • Formalities of Construction – Signature Requirements – Witnesses and Acknowledgments 119 Written Contracts and Cyber-Commerce • Signature requirements – Facsimile signatures 1110 Written Contracts and Cyber-Commerce • Cyber-Commerce and the Law – Verification Problems – Cyber-Commerce Legislation 1111 Written Contracts and Cyber-Commerce • Verification problems – Offer and acceptance online – Online advertisement “click” fraud 1112 Written Contracts and Cyber-Commerce • Cyber-Commerce legislation – The E-sign Act – The Uniform Electronic Transactions Act (UETA) – The Uniform Computer Information Transactions Act (UCITA) – The Fair and Accurate Credit Transactions Act (The FACT Act) 1113 ... Acknowledgments 11? ?9 Written Contracts and Cyber-Commerce • Signature requirements – Facsimile signatures 11? ?10 Written Contracts and Cyber-Commerce • Cyber-Commerce and the Law – Verification... Cyber-Commerce Legislation 11? ?11 Written Contracts and Cyber-Commerce • Verification problems – Offer and acceptance online – Online advertisement “click” fraud 11? ?12 Written Contracts and Cyber-Commerce... cyber-commerce statutes 11? ?3 Written Contracts and Cyber-Commerce • The Statute of Frauds – Contracts that Must Be in Writing – The Contents of a Writing 11? ?4 Written Contracts and Cyber-Commerce