The document discusses key aspects of the Electronic Commerce Act or E-Commerce Law passed in the Philippines in 2000. It aims to facilitate electronic transactions and recognize electronic data messages and documents as legally valid. The law defines electronic data messages and documents and recognizes that contracts can be formed through electronic means. It also states that electronic signatures on documents like promissory notes have legal effect and create binding obligations.
The document discusses key aspects of the Electronic Commerce Act or E-Commerce Law passed in the Philippines in 2000. It aims to facilitate electronic transactions and recognize electronic data messages and documents as legally valid. The law defines electronic data messages and documents and recognizes that contracts can be formed through electronic means. It also states that electronic signatures on documents like promissory notes have legal effect and create binding obligations.
The document discusses key aspects of the Electronic Commerce Act or E-Commerce Law passed in the Philippines in 2000. It aims to facilitate electronic transactions and recognize electronic data messages and documents as legally valid. The law defines electronic data messages and documents and recognizes that contracts can be formed through electronic means. It also states that electronic signatures on documents like promissory notes have legal effect and create binding obligations.
200 denominated as Republic Act No. 8792 providing for the recognition and use of electronic commercial and non- commercial transactions, penalties for unlawful use thereof, and other purposes. WHAT ARE THE OBJECTIVES OF THIS LAW?
- Basically, the objectives are:
(a) 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: (b) To recognize the authenticity and reliability of electronic data messages or electronic documents related to the activities mentioned above; and (c) To promote the universal use of electronic transaction in the government and by the general public. WHAT ARE THE SUBJECT MATTERS OF E-COMMERCE LAW?
(1) ELECTRONIC DATA MESSAGE – refers to
information generated, sent, received or stored by electronic, optical or similar means; and (2) ELECTRONIC DOCUMENT – refers to information or the representation of information, data, figures, symbols, or other modes of written expression, described or however represented, by which a fact may be proved and affirmed, which is received, recorded, transmitted, stored, processed, retrieved or produced electronically. ARE INFORMATIONS DERIVED FROM ELECTRONIC MEANS, SUCH AS FROM COMPUTERS, VALID AND ENFORCEABLE?
- Yes, these informations remain valid and
enforceable and no difference from those which are non- electronically generated.
HOW ABOUT ELECTRONIC DOCUMENTS?
- Just like informations derived from electronic
means, these documents are likewise given legal effect, validity and enforceability similar to other documents or legal writing. ELECTRONIC DATA MESSAGES AND ELECTRONIC DOCUMENTS ARE TAKEN ELECTRONICALLY FROM WHAT SOURCE?
- They are both derived from information and
communication system.
WHAT IS INFORMATION AND COMMUNICATION
SYSTEM?
- It is a system intended for and capable of
generating, sending, receiving, storing, or otherwise processing electronic data messages or electronic documents. WHAT IS AN EXAMPLE OF INFORMATION AND COMMUNICATION SYSTEM?
- A Computer System
WHO ARE THE PARTIES INVOLVED IN THE
TRANSMISSION OF ELECTRONIC DATA MESSAGES OR IN THE PREPARATION AND EXECUTION OF ELECTRONIC DOCUMENTS? (a) the addressee; (b) the intermediary; (c) the originator; and (d) the service provider. CAN SERVICE PROVIDERS MODIFY ALTER THE CONTENT OF THE ELECTRONIC DATA MESSAGE OR ELECTRONIC DOCUMENT RECEIVED?
- No, they cannot make such modifications or
alterations. (Section 5, E-Commerce Law)
DOES THE LAW GIVE ALSO LEGAL RECOGNITION
TO ELECTRONIC DATA MESSAGES, AS WELL AS, TO ELECTRONIC SIGNATURES?
- Yes, the law gives legal recognition likewise
electronic data messages and to electronic signatures. (see Section 6, E-Commerce Law) WHAT DO YOU MEAN BY LEGAL RECOGNITION?
- It means that inspite of their being
produced electronically, these electronic data messages and electronic documents remain capable of – (a) Producing legal effects (e.g. creating rights and extinguishing obligations); (b) Becoming perfectly valid; and (c) Enforceable (can be sued upon in court as binding) MISS MAY KERR UPLOADED IN HER LAPTOP THIS PROMISSORY NOTE STRUCTURED BELOW BEARING HER ELECTRONIC SIGNATURE AS MAKER:
TO: Miss Faye Yee
08 April 2018 I promise to pay to the order of Miss Faye Yee the amount of ONE HUNDRED THOUSAND PESOS (Php100,000) upon demand.
Sgd. MAY KERR (Maker)
State the legal effect of this electronic document bearing the electronic signature of Mis May Kerr.
- By electronically affixing her signature to the electronic document (a
negotiable promissory note) which she uploaded in her laptop to Miss Faye Yee, it created the PRESUMPTION that the signature there (“Sgd MAY KERR ((Maker) is her’s and that she signed with the intention of making herself primarily liable in tehs said note CAN A VALID AND EFFECTIVE CONTRACT- MAKING BE DONE THROUGH THESE ELECTRONIC DATA MESSAGES AND ELECTRONIC DOCUMENTS?
Yes, IT CAN. The Law states that except
as otherwise agreed by the parties, an offer, the acceptance of an offer and such other elements required under existing laws for the formation of contracts may be expressed in, demonstrated and proved by means of electronic data message or electronic documents. WHEN IS A TRANSACTION CONSUMMATED IF ELECTRONICALLY MADE THROUGH NETWORKING AMONG BANKS, OR LINKAGES THEREOF WITH OTHER ACTIVITIES OR NETWORKS?
- Such electronic transaction is deemed
consummated upon the actual dispensing of cash or the debit of one account and the corresponding credit to another, whether such transaction is initiated by the depositor or by an authorized collecting party: Provided, that the obligation of one bank, entity, or person similarly situated to another arising therefrom shall be considered absolute and shall not be subjected to the process of preference of credit