Kosmo is negotiating to purchase Jerry's waterfront condo. During the negoti

ations Kosmo explains to Jerry that

his monthly cash

-

flow is limited so therefore it is important for his purchasing decision to know how much Jerry

is going to pay in property taxes this year. Jerry answers that so far he has only received an estimate fro

m the

city for this year, so he doesn't know the exact amount at this time. Jerry also says that last year he paid $4000.

Jerry does not tell Kosmo that based on the estimate he will almost certainly pay $6000 in taxes this year.