What was established by the E-Commerce Act 2002?

The E-Commerce Act 2002 primarily focused on creating a legal framework designed to promote and facilitate electronic commerce. This included the establishment of legal standards for online transactions, which A does not accurately capture.

The choice regarding the legal framework for online markets is the most relevant as it encapsulates the main objective of the E-Commerce Act. This legislation aimed to clarify the legal standing of electronic transactions, thereby enhancing consumer confidence and stimulating economic activity in digital markets. By ensuring that electronic documents and signatures hold the same validity as traditional paper-based transactions, the act addressed key issues in e-commerce such as authenticity, non-repudiation, and interoperability.

While promoting government efficiency and regulating private companies are important aspects of governance and commerce, they are not the primary focus of the E-Commerce Act. The act’s core purpose was to create a supportive legal environment for e-commerce growth, making the choice related to the legal framework for online markets the most accurate representation of its objectives.