VIRGINIA AND MARYLAND UCITAS FILLING A LEGISLATIVE VOID

摘要

For Internet information transactions there has been a legislative void. No established rules exist in common law for the information highway, which means that each judge must create the rules in each case as it arises. This is likely to result in great inconsistency and uncertainty adversely affecting the realization of the full potential of the information age, which is the strongest engine of the evolving US economy. It is inconceivable that an information electronic signature or an electronic contract, or term thereof, should be valid in one state but not in another or, indeed, in the United States but not in the United Kingdom or France.