Liable or Not Liable Essay Example | Topics and Well Written Essays - 250 words

Liable or Not Liable - Essay Example, EcoCath made according to me, a full disclosure of their business position with regard to products of interests, marketing strategies projected income and other linkages with potential investor companies. on the whole this were at the disposal of Medsystems to accompanimentor in, investigate the extent of their efficacy before getting into a commence with EcoCath (courtcases.net, 2000). In their representations preceding the contract, EcoCath table all the material facts to Medsystems. These included the fact that the financial projections were not unfeigned and were a mere assumptions made as the bench marks for the business (courtcases.net, 2000). In the EcoCath prospects delivered to Medsystems the position of the beau monde in relation to capitalization, future plans, financial data and collaborative agreements were vivid (courtcases.net, 2000). The collaborative agreement butt end plays a pivotal role in EcoCaths defense, this is becau se in it was the cautioned by EcoCath that the partnership entered into with other investors exit be risky and that assurance could not be given to these strategic partners regarding the agreements reached. It is the fair to believe that Medsystems were direct at the apex of information when they decided to sign the agreement (courtcases.net, 2000). The innocence of EcoCath is also corroborated by the fact that in their response later of agreement, they unequivocally stated that their persuasion to enter into the partnership was occasioned not by the EcoCaths prospects but by their physical assessment of the company any consent from their technocrats. They also acknowledged the marvelous risks involved in share investments and that in the event of loss they will bear the circumstances (courtcases.net, 2000). Medsystems cause