CORPORATE LAW
The law shouldn't function by the exact "letter of the law" even
in the specialist area of corporate law. If it did, then society nor business would have
moved much beyond.....actually it wouldn't have moved at all.
The Legal system shouldn't be above the community it is supposed to represent. The premise of a client representing himself in court should be viewed as like:
"....a chess game in which there are set pieces, basic moves and rules. In this case of corporate law, there is an audience to hear and see your moves. But if the stakes where higher would the players risk winning or losing by letting someone else decide their moves or roles?...." (Mavarine)How can corporate law be thus applied to Internet Law and/or Corporate Negligence?
Events are changing so rapidly on the internet that the laws to make it a real bona fide business environment has yet to catch up.
So why bother to re-hash old laws which might not resemble anything that is required by companies and consumers alike because of future technological advances?
Instead the legal eagles need to be flexible in adapting their statutes when it comes to the internet and e-commence sites to fit the pattern of the growth without too much delay in time. But not when it comes to the term I'll coin as 'Internet Corporate Negligence'.
The reason I think this is because if information such as medical particulars are given on a website and other websites contain data which purports to have authentic practices, which isn't validated through a regulatory institution then it does have the potential to cause damage as a mis-representation of the facts and also lack of due diligence on the corporations' who set up the internet websites. Then there must be a legal framework to deal with these potential cases which will no doubt occur sometime in the future, besides the credit fraud cases.
For this you require specialists in another field entirely, these individuals could be called "Techno-Lawyers" and specifically handle only internet and e-commence cases, representing consumers and business corporations in regards to negligence...we'll have to wait and see what develops in the legal field.
REFERENCE SOURCES:
International Business Law
written by: Ray August
published by: Prentice Hall
Advanced Business Law
written by: Denis Keenan
published by: Longman, Pearson Education