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LSDefine

Simple English definitions for legal terms

electronic transaction

Read a random definition: law of status

A quick definition of electronic transaction:

Electronic transaction: An electronic transaction is when people use computers or other electronic devices to buy or sell things or exchange information. They send messages to each other without needing to talk to a person face-to-face. This type of transaction does not require someone to check the messages before they become a contract.

A more thorough explanation:

An electronic transaction is a type of transaction that is conducted through electronic messages. In this type of transaction, the messages of one or both parties involved are not reviewed by an individual as an expected step in forming a contract.

  • Online shopping: When you buy something online, you enter your payment information and shipping address through electronic messages. The seller then sends you a confirmation message, and the transaction is complete.
  • Bank transfers: When you transfer money from one bank account to another, you do it through electronic messages. The banks involved in the transaction exchange messages to complete the transfer.
  • Electronic signatures: When you sign a document electronically, you are using an electronic transaction. The document is sent through electronic messages, and your signature is added electronically.

These examples illustrate how electronic transactions are conducted through electronic messages. The messages are exchanged between the parties involved, and there is no need for an individual to review them as part of the contract formation process.

Electronic Signatures in Global and National Commerce Act | eleemosynae

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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