II. RA 8792: E-COMMERCE LAW Objective: This Act aims to facilitate domestic and international dealings, transactions, arrangements agreements, contracts and exchanges and storage of information through the utilization of electronic, optical and similar medium, mode, instrumentality and technology to recognize the authenticity and reliability of electronic documents related to such activities and to promote the universal use of electronic transaction in the government and general public. Electronic Commerce (e-commerce) is the exchange of information or transactions using any form of electronic communication. It can also be referred to as an electronic transaction. E-Commerce = Commercial Electronic Transactions or Non-Commerce Electronic Transactions With the E-Commerce Law or Republic Act 8792, both commercial and noncommercial activities are considered e-commerce transactions. It is not exclusive to monetary transactions. Various electronic transactions are good examples of e-commerce including Discussing business over the telephone Sending fax Withdrawing money from an ATM machine Sending a text message confirming purchase or making a payment through cellular phone Paying for groceries using a credit card Ordering a birth or NBI certificate over the Internet among others E-Commerce businesses though have no special exemption. Whatever policies are applicable and authorized in the real world are treated the same in the electronic world. All e-commerce transactions are governed by existing laws. The E-Commerce Law empowers all existing laws by recognizing its electronic counterpart. Types of E-Commerce Activities 1. Business to Consumer When you purchase goods from the supermarket, that is an example of Business-to-Consumer (BC) transaction. So when you buy items from your favorite shopping websites, that is BC, e-commerce between businesses and consumers. The automated reloading of your prepaid phone is also a BC transaction. Booking a Grab ride and buying an airline ticket is also a BC transaction.
College of Engineering and Architecture Computer Engineering CpE Laws and Professional Practice
