Electronic Consignment Act

The Electronic Consignment Act provides legal clarity and protection for electronic consignment agreements, which involve the transfer of goods using digital records instead of paper documents. It defines how electronic signatures and records are considered valid and enforceable, ensuring businesses can conduct consignment transactions electronically with confidence. Essentially, it updates traditional consignment laws to accommodate modern technology, streamlining processes while maintaining legal certainty. This act benefits merchants, consignors, and consumers by facilitating efficient, secure, and legally recognized digital transactions involving goods held on consignment.