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Explain the design phase in the SDLC and its types.
Economic Duress
A situation where one party is forced into a contract or agreement under threats, making the consent given not truly voluntary.
Net Average Annual Profit
The average profit of a business over a specified period, after all expenses, taxes, and costs have been deducted.
Material Fact
A fact that could influence the decision of a reasonable person or is likely to affect the outcome of a case, contract, or transaction.
Misrepresentation
A false statement of fact made by one party to another, which induces the latter into entering a contract.
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