I have been using online banking for quite sometime and had a good idea of the
topics covered within this unit. I did not understand some of the issues that could come
up although, in respect to contracts over the internet and the legality of them. One thing
that I did learn in this unit is the amount of domain names that are used, I knew a lot of
them but did not realize how many different ones there were. Also, learning about sales
and leases and how they differ and the aspects that they cover. Goods versus services
was a great part covered in this unit. This information did not change my view about the
law it only helped me to see that as everything else becomes more advanced the law has
to change at the same time to cover the individual. I will not change my beliefs based off
of this unit, I do however see a growing need for more protection against cyber crime.
This is where banks are beginning to charge for service that they offer to cover the cost of
prevention from cyber crimes. I was against the idea of banks charge for some of the
services but realize now that they have to do this. I do feel positive about this unit since I
utilize online banking and purchases quite often. It is good to know what is legal and
what is not legal.
One of the parts that helped me understand the unit better was about the
exceptions to the statue of frauds. Even though there may not be a written contract in
place, some agreements are still covered under the statue of frauds. These types include
specially manufactured goods, admissions in pleadings or court, and part acceptance are
enforceable even if not in a written contract. Goods versus services was probably the
most interesting part of the unit for me. I work in service and am always using the
internet and e-mail for contracts and service agreements. So knowing what I need to do
will only help me to be legal in the way in which I work. Also, I sale parts and knowing
the difference between the two types is good information to know. I did not do outside
research for this unit, but however the discussion board was every interesting in the
amount of people who utilize online banking. The number I am sure has grown
exponential since the video was produced. The parol evidence rule would be the one area
that I am confused about. So if the information covered in the contract is not understood
then there are three ways that you can use to understand what is written in the contract or