The Singapore electronic transactions act 1998 and the proposed article 2B of the uniform commercial code

• Main Author: PHANG, Andrew B.L.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1999
• Subjects: Asian Studies; Contracts
• Online Access: https://ink.library.smu.edu.sg/sol_research/4176; https://ink.library.smu.edu.sg/context/sol_research/article/6134/viewcontent/Imposition__first_is_SUN2_S5_8096B___000_0124_K.pdf
• Institution: Singapore Management University

It is axiomatic that the law must change with the times. And nowhere is this more starkly demonstrated than in the shift, particularly during the last decade or so, into the information age - a shift that has radically changed the face of commerce, and will continue to do so in the years to come. In the context of commercial law, the focus on goods and property, so prevalent particularly in the middle of this century, is now giving way to an acknowledgment that the relevant legal regimes must accommodate information as contractual subject-matter. In this regard, it is widely acknowledged (and correctly at that) that the legal regimes in virtually all countries are unsuitable and need to be at least modified - or even radically changed- in order to meet the needs of the information and technological age.