ASSESSING THE RELEVANCE OF MARKET OVERT RULE AND THE INFLUENCE OF TECHNOLOGY ON ONLINE SALES

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ASSESSING THE RELEVANCE OF MARKET OVERT RULE AND THE INFLUENCE OF TECHNOLOGY ON ONLINE SALES

Abstract:

This research study delves into the evolving landscape of online sales, specifically focusing on the relevance of the Market Overt Rule in contemporary e-commerce environments and its interaction with technological advancements. The Market Overt Rule, rooted in centuries-old legal doctrines, historically governed the transfer of ownership in markets and physical sales. However, in the digital age, where transactions occur predominantly in online marketplaces and electronic platforms, its applicability has become increasingly uncertain.

The study employs a multidisciplinary approach, combining legal analysis, economic insights, and technological perspectives. It begins by tracing the historical origins of the Market Overt Rule, highlighting its fundamental principles and legal implications. A comprehensive review of relevant legal frameworks and case law provides the foundation for assessing its applicability in modern online sales scenarios.

The research also examines the transformative influence of technology on the landscape of e-commerce. Rapid advancements in information technology, data analytics, artificial intelligence, and blockchain have reshaped the way goods and services are bought and sold online. These innovations have not only streamlined transactions but have also introduced new challenges and complexities in determining ownership, provenance, and authenticity in the digital realm.

To assess the interplay between the Market Overt Rule and technology, this study investigates recent legal cases and controversies surrounding online sales, including issues related to digital goods, intellectual property, and blockchain-based ownership tracking. It seeks to answer critical questions about the continued relevance of traditional legal doctrines and their adaptability to the digital age.

The findings of this research provide valuable insights for policymakers, legal practitioners, e-commerce businesses, and scholars alike. By understanding the dynamics between legal traditions and technological progress, it offers guidance on how to create a more coherent and adaptable legal framework for online sales in the 21st century. Ultimately, this study contributes to the ongoing discourse on the intersection of law, commerce, and technology in the context of online transactions, shedding light on the path forward for the regulation of e-commerce in the digital era.

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