Online Market 1

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Online market A market without bounds, disputes unbound

Index

Introduction
Modern scenario:
a. Electronic contracting
b. Electronic signature/Digital Signature
c. Electronic payment and Security thereof
d. Dispute Resolution
e. Jurisdiction and applicable law
f. Consumer protection
g. Cybercrimes
Suggestions
a. E-Commerce Disputes
Conclusion

Introduction
The use of internet as a business medium has contributed to the globalization of consumer, as internet by its nature is not limited by borders, this paper tries to examine the challenges and the difficulties faced by law enforcement and judiciary of different nations in application of this borderless B to C (Business to Consumer E- commerce). We will also try to look into the conditions and challenges present in the way of efficient law enforcement.1

To understand the problems of e-commerce, we should understand what the basic structure of e-commerce is and why is e-commerce important? Use of new information and communication technology in international trade is spreading across the globe. E-commerce or (electronic commerce) which can be described as an open market for buying, selling , marketing , distributing and servicing of products through online medium of internet with the help of its networks . This medium of business has been rising with the increase in the accessibility of internet. A growing number of transactions in this medium are carried out internationally with the help of internet.2 At the end of the fourth quarter of 2013, it was said that online sales of goods and services is expected to reach 173.6 billion euros. In East Asia and the pacific, today six times more people have access to the internet compared to the year 2003. Japan is the most important e-commerce base in Asia and pacific region, with an average annual growth rate of e-commerce turnover of 143 % over the last 5 years followed by Australia and The republic of

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