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The Serious Year 2000 Problem
Beginning of paper
A serious computer problem, variously known as the “Year 2000,” “Y2K,” “Century Date Change,” or “Millennium Bug” problem, faces many companies. This report is intended to provide a summary discussion of some of the major legal issues that may arise due to the Year 2000 problem.
The Year 2000 problem arises because most business applica .... Middle of paper
.... for the 1999-2000 period running backwards rather than forwards. Insurance company computers might report a policy running through the year 2001 as having instead expired in 1901.
A bank computer calculating the interest for a financial instrument for the six year period of 1995 through the year 2000 might instead calculate the interest for the period of 1900 through 1995, for a ninety-six year period instead of a six year period.
Given the mu ....
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Number of words: 423
Number of pages: 2 (approx. 250 words per double-spaced page)
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