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A Study on the Escrow in Electronic Consumer Contract

  • Informatization Policy
  • Abbr : 정보화정책
  • 2007, 14(2), pp.64-80
  • Publisher : NIA
  • Research Area : Social Science > Public Policy

고형석 1

1한국소비자보호원

Accredited

ABSTRACT

The Electronic Consumer Contract has been taking up one’s residence as a sale of goods, but damages of consumer in connection with it are increasing rapidly. A typical of these is a consumer damage by means of a business’fraud and a scale of these damages is out of all knowledge. These damages further a mistrust of consumer using Electronic Commerce(EC) and place hurdles on the road to development of EC. Therefore, the act on the consumer protection in the electronic commerce transaction, etc, was amended in 2005 and brought in the escrow to promote a foundation that consumer using EC could make a contract securely. As a consequence, it could prevent a consumer from suffering damage from a business’fraud. In this paper, I studied a meaning and legal nature of the escrow in the Electronic Consumer Contract and investigated legal relations between a escrow agent and a business, between a escrow agent and a consumer and between a business and a consumer. Also, I analyzed several points of the escrow(scope, overdue interest, payer about cost of refund, etc.) and suggested concrete improvements in order to achieve a inherent purpose of the escrow

Citation status

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