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31 August 2018 · Article

Electronic Execution of Agreements with Business Customers

Banks increasingly allow business customers and consumers to execute agreements online. Bank should consider best practices to avoid potential pitfalls arising from the generally anonymous nature of executing agreements electronically. State law principles govern the formation of contracts. Most courts recognize, however, that while new commerce on the Internet has exposed courts to many new situations, it has not fundamentally changed the principles of contract.

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