Guarantees, Rights and Obligations in International Trade through Electronic Media

• Author: Manole Decebal Bogdan, Valeria Alisa Toma
• Profession: University '1 December 1918' of Alba Iulia, Romania/University '1 December 1918' of Alba Iulia, Romania
• Pages: 119-125

Guarantees, Rights and Obligations in International Trade

through Electronic Media

Lecturer Manole Decebal BOGDAN

1

Lecturer Valeria Alisa TOMA

2

Abstract

The virtual world and artificial intelligence are a daily "reality". The electronic

environment defined as On-Line has taken over a large amount of commercial transac-

tions from the classical environment. Classical trading allows you to meet y our partners

and negotiate directly. In the international trade from On-Line the partners are not often

known and they act on a trust given by the community. Business guarantees no longer fall

within the attribute of the state (community of states) that confirms the verifiable existence

of the company by registering with the Trade Register and/or by fiscal registration. There

is no guarantee in e-commerce! The reliable guarantee of the pa rtner's creditworthiness

is the system based on trust and the opinions of the other partners who have used trans-

actions before. There are situations in which th e provider does not exist in th e form pre-

sented on the web page. There are situations in which the partner company only has an

Internet domain and in reality, it does not exist. Our paper opens a number of issues that

can be debated starting with the statute and the legal definition of companies that act

exclusively on-line as "legal persons of private law in the online environment". We assist

and participate in a n ew society that has no defined regulations. How, Who and When

will it be able to regulate it?

Keywords: cyber law, law and IT companies, law and smart society, artificial

law and intelligence.

JEL Classification: K10, K15, K24, K38

1. Introductory considerations

Over time, social relations have developed and transformed through the

impact of trade between different regions or even between continents. The silk

road was an artery through which goods, knowledge about science, art, literature,

etc. were transmitted, but also ideologies. Those stations where the caravans

stopped for food were centers where exchanges of ideas, cultural and new

knowledge about science brought progress to the area and created a smaller and

more interactive world. In time, technology based on artificial intelligence has

1

Manole Decebal Bogdan - University "1 December 1918" of Alba Iulia, Romania, decebal.bogdan

@gmail.com.

2

Valeria Alisa Toma - University "1 December 1918" of Alba Iulia, Romania, alisavaleria.toma

@yahoo.com.