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TABLE OF CONTENTS List of Cases; List of Figures; List of Annexures; Glossary and Abbreviations; Introduction; A. Prologue; B. Statement of the Problem; C. Conceptual Framework; D. Objective and Significance of the Study; E. Methodology; F. Chapterization; Chapter I: Electronic Commerce: Conceptualisation; 1.1. What is Electronic Commerce?; 1.2. Instruments of Electronic Commerce; 1.3. Why Electronic Commerce?; 1.4. Scope of Electronic Commerce; 1.5. Electronic Commerce in Practice; 1.6. How Does the System Work?; Chapter II: Electronic Data Interchange: the Precursor of Net Based Electronic Commerce; 1l.1. What is Electronic Data Interchange?; 11.2. Benefits of Electronic Data Interchange; 11.3. How Does Electronic Data Interchange Work?; 11.4. Market Application of Electronic Data Interchange; 11.5. Electronic Data Interchange Contract; 11.6. Disadvantages of Conventional EDI; 11.7. Internet and Electronic Data Interchange; Chapter III: Digital Money: the New Concept of a New Age; 111.1. What is Digital Cash; 111.2. Digital Money Transaction; 111.3. Smart Cards; 111.4. Digital Payment System in Practice; 111.5. Implication of Digital Cash; Chapter IV: Encryption - Saviour of Electronic Commerce?; IV.l. What is Encryption?; IV.2. Advantages of Encryption; IV.3. Kinds of Encryption; IV.4. Breaking of Encryption; IV.S. Key Management; IV.6. Encryption Standard; IV.7. Liability; IV.B. Government Regulation; IV.9. International Scenario; IV.IO. Scenario in India; Chapter V: Legal Issues in Electronic Commerce; V.I. Webvertisement; V.2. Webvertisement offer or Invitation To offer; V.3. offer; V.4. At What Point of Time An offer is Made; V.S. Acceptance; V.6. Timing of Acceptance; V.7. Acceptance By E-Mail; V.B. Acceptance Over World Wide Web; V.9. Consideration.; V.IO. Intention; V.ll. Payment; V.12. Jurisdiction; V.13. International Convention ; V.14. Consumer Contract; V.lS. Common Law; V.16. Staying; V.17. Choice of Law; V.IB. Sale of Goods or Service; V.19. Formality; V.20. Dematerialisation of Bill of Lading; V.21. Domain Name; V.22. Hyperlinks; V.23. Framing; V.24. On-Line Banking; V.2S. Electronic Money; V.26. Electronic Mint; V.27. Encryption Software; V.28. Evidence; Chapter VI: Legislative Initiatives; VI.l. Arizona; VI.2. California; VI.3. Connecticut; VI.4. DiIaware; VI.S. Florida; VI.6. Iowa; VI.7. New Mexico; VI.8. Utah; VI. 9. Virginia; VI.l0. Washington; VI.ll. German Digital Signature Law, 1997; VI.12. Utah Digital Signature Act; VI.13. Georgia Electronic Records and Signature Act, 1998; VI.14. Singapore Electronic Transaction Act, 1998; VI.1S. UNCITRAL Model Law On Electronic Commerce; VI.16. Information Technology Bill, 1998; Conclusion; A. Principles; B. Policy; C. Recommendation; D. Task Ahead; E. Further Scope of Research; Bibliography; Annexures.