What Is the Court's Rationale for Distinguishing Between 'Representations' and 'Terms

question 4

Essay

What is the court's rationale for distinguishing between 'representations' and 'terms'? Do you agree with this rationale?

---

Definitions:

Current Price

Refers to the present market value of a product, security, or commodity.

Net Operating Income

This represents the profit a company generates from its core business operations, excluding expenses from interest and taxes.

Price Reduction

A decrease in the selling price of goods or services, often used as a strategy to increase demand or sales volume.

Sales Forecast

An estimate of the amount of goods or services a company expects to sell in a future period.