The Application of Options in Electronic Sale

Following the introduction of the electronic sale, the present research provides a comparison between traditional and electronic options of cancelation at the domestic and international levels; since such sale is concluded in a virtual context, the way these options are electronically provided and achieved can be different from traditional ways, though some of them only vary in format and this would not contribute to the application of options and general judgments thereof, such as the option of loss. In other options, however, such as that of the meeting, the conclusion of this type of sale has significantly affected the realization or the possibility thereof. Furthermore, Article 37 of the Electronic Commercial Code sets forth the right of withdrawal not less than 7 days for the consumer which can be deemed as a new option in the electronic field. Islamic and Iranian law, however, is not familiar with such entity and therefore specific judgments thereof have been described.