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Electronic Commerce / E-Commerce Print E-mail

Electronic Commerce / E-Commerce
Electronic commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily since the spread of the Internet. A wide variety of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well.

 

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Electronic Commerce

 

 

 
Economic Loss Print E-mail

In law, economic loss refers to financial loss and damage suffered by a person such as can only be seen in balance sheets rather than physical injury to the person or destruction of property. Economic loss can be:
    * Consequential economic loss, arising from physical damage or injury, such as loss of earnings following an accident; or
    * Pure economic loss, from other circumstances.

 

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Economic Loss
 
Force majeure Print E-mail

Force majeure (French for "greater force") is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as war, strike, riot, crime, act of nature (e.g., flooding, earthquake, volcano), prevents one or both parties from fulfilling their obligations under the contract. However, force majeure is not intended to excuse negligence or other malfeasance of a party, as where non-performance is caused by the usual and natural consequences of external forces (e.g., predicted rain stops an outdoor event), or where the intervening circumstances are specifically contemplated.

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Force majeure

 

 

 
Act of God Print E-mail

Act of God or act of nature is a legal term for events outside of human control, such as sudden floods or other natural disasters, for which no one can be held responsible. This does not protect those who put others in danger of acts of God through negligence, such as an adult who instructs a group of children to stand under a tree to escape a lightning storm.

The legal term, "Act of God", does not necessarily imply that God had a direct intervention which specifically caused a "natural" occurance or disaster.

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Act of God

 

 

 
No Claims Bonus on car insurance` Print E-mail
No Claims Bonus Car Insurance
A No Claims Bonus is a discount given by an insurer to policy holder who do not claim on their policy in a period of car insurance.
 
Dividend Print E-mail

Dividends are payments made by a corporation to its shareholder members. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend. Many corporations retain a portion of their earnings and pay the remainder as a dividend.

This article is licensed under the GNU Free Documentation License . It uses material from the Wikipedia article  Dividend

 

 

 
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