The emergence of the Internet has brought a tremendous revolution with an impact that is so huge, making it unavoidable for the overall success in all walks of life including:

––Business activities i.e. business-to-business

––Business-to-consumer transactions

DIVERSE OF ECOMMERCE

E-commerce enables:

–Information gathering required for business  success

–Formation of  contracts

–Ease of transactions e.g. With a simple click worldwide business is possible

–Cost effective transacting  with no huge expenditure or investment

–Speed: and the desired result is seen in minutes and seconds instead of hours and days unlike olden days.

–Traceability: Being stored in online formats theyre more secure than paper documents
Traceability: Being stored in online formats theyre more secure than paper documents

WHAT IS AN ELECTRONIC CONTRACT?

–Electronic commerce (or e-commerce) has resulted in electronic contracts.

––An E-contract is any kind of contract formed in the course of e-commerce by the interaction of two or more individuals using electronic means, such as e-mail, the interaction of an individual with an electronic agent, such as a computer program, or the interaction of at least two electronic agents that are programmed to recognize the existence of a contract (Gisler et al., 2000)