Define Electronic Commerce and Identify Its Various Subsets

question 43

Essay

Define electronic commerce and identify its various subsets.

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Definitions:

Assignment

The transfer of rights, duties, or interests under a contract or agreement from one party to another.

Assignor

An individual or entity that transfers rights or interests in a property, contract, or other asset to another.

Assignee

A person or entity to whom rights or interests have been transferred through a legal agreement or contract.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.