BUSINESS OBJECT AND SYSTEM FOR ELECTRONIC TRANSACTIONS

摘要

A system and method for conducting electronic transactions are provided, in which a business object is employed that includes a plurality of modular object sections that function as agreed-upon standard descriptors of an electronic transaction. The sections of the object may include a quote section, an elections section and a fulfillment section. The quote section contains information relating to a seller's willingness to transfer rights in an asset to a purchaser. The elections section contains transaction parameters that are modifiable in response to input from the purchaser. The fulfillment section contains information pertaining to consummation of the transaction and is configured to enable and facilitate the performance of transaction-related fulfillment tasks by one or more third parties.