Critically assess the elements of a successful e-commerce regulatory Essay

Critically assess the elements of a successful e-commerce restrictive model - Essay ExampleIn the last 5 years, the government has contended that the introduction of several layers of command based on EU legislation into UK law has change magnitude customer confidence in e-businesses3 and increased these businesses standards of good practice.The implementation of the Distance Selling directive into UK law was to inspire confidence and increase proceeding in cross-border shopping, including the internet. The regulation cannot be contracted out and any inconsistencies between the terms of the contract and the regulations would even off the contract void. It does not cover contracts relating to auctions, financial function or property and partial exemptions for accommodation, transport, catering or leisure services and goods intended for everyday consumption supplied by regular roundsmen.This information must adopt with the principles of good faith in commercial transactions and t he principles governing the protection of minors. However, Consumers Internationals5 research revealed that 1 in 5 sites failed to give clear total cost of the transaction despite the fact that the price of goods and services including all taxes must be provided. They have also found very few sites actually providing write information on the right to a contract withdrawal.Subject to the following exceptions , once the supplier has met his obligations relating to the homework of information, the consumer has at least 7 working days to cancel the contract without penalty (the cooling-off period6) If the supplier fails to piece his obligations to provide information, this period is extended by 3 months. He also has 30 days to settle with the amounts paid by the consumer and, in certain cases, may deduct from the refund the costs of recovering the goods.If the consumers retribution vizor was fraudulently used, he may request cancellation of payment and reimbursement of the amounts paid. The burden of proof lies on the card issuer