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. All this were at the disposal of Medsystems to factor in, investigate the extent of their efficacy before getting into a contract 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 real 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 company in relation to capitalization, future plans, financial data and collaborative agreements were vivid (courtcases.net, 2000). The collaborative agreement can plays a pivotal role in EcoCath’s defense, this is because in it was the cautioned by EcoCath that the partnership enter ed into with other investors will 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 operating 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 enormous risks involved in share investments and that in the event of loss they will bear the circumstances (courtcases.net, 2000). Medsystems’ suit