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ABSTRACT
Technology is an essential tool in development of any nation; electronic commerce is currently booming in Nigeria and the rest of the world. There have been dramatic increase in transactions which use or performed electronically. This study examine the concept of e-commerce and presents an assessment on the existing commercial laws in Nigeria particularly the common laws rule of contract and Sales of Goods Act, whether they ensembles with information and Communication Technology (ICT) revolutions. The practicing of electronic commerce in Nigeria today is very common, Nigerians enter into commercial agreements within and outside the county through online transactions via internet. While online commercial transactions are flourishing speedily, still in Nigeria there is no adequate legal framework that support it which pose a major challenge to e-commerce. The Sale of Goods Act Enacted before independence in 1960 and common law rules on contract which are the main law of the country still regulate contract and there is no any amendment of the said laws apart from the technology advancements which changed the modes of contractual arrangements furthermore, the study come-up with a conclusion and recommendation; generally there is a need for a re-examination and revision of the fundamental principles of the commercial laws in Nigeria to accommodate business and contract conducted in electronic form.
