Business Law with UCC Applications,13e Written Contracts and Cyber-Commerce Chapter 11 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies,

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Presentation transcript:

Business Law with UCC Applications,13e Written Contracts and Cyber-Commerce Chapter 11 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

11-2 Learning Objectives 1.Identify the goals of the Statute of Frauds. 2.Identify those contracts that must be in writing. 3.List the information that must be in the writing. 4.Explain the Standard Construction Rule. 5.Discuss the Parol Evidence Rule.

11-3 Learning Objectives 6.Explain the exceptions to the Parol Evidence Rule. 7.Explain the Best Evidence Rule. 8.Discuss the Equal Dignities Rule. 9.Explain the problems associated with cyber-commerce. 10.Outline the latest cyber-commerce statutes.

11-4 Written Contracts and Cyber-Commerce The Statute of Frauds –Contracts that Must Be in Writing –The Contents of a Writing

11-5 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

11-6 Written Contracts and Cyber-Commerce The Contents of a Writing –Elements of a Writing

11-7 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

11-8 Written Contracts and Cyber-Commerce The Parol Evidence Rule –Exceptions to the parol evidence rule

11-9 Written Contracts and Cyber-Commerce Formalities of Construction –Signature Requirements –Witnesses and Acknowledgments

11-10 Written Contracts and Cyber-Commerce Signature requirements –Facsimile signatures

11-11 Written Contracts and Cyber-Commerce Cyber-Commerce and the Law –Verification Problems –Cyber-Commerce Legislation

11-12 Written Contracts and Cyber-Commerce Verification problems –Offer and acceptance online –Online advertisement “click” fraud

11-13 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)