Examlex
How do merchant wholesalers and agents/brokers differ?
Fraudulent Misrepresentation
The act of deliberately misleading or deceiving another party with false statements or information, leading to their detriment on reliance of such misrepresentation.
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.
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