Thank you for pointing me to the feedback section.
In the mean time, I sort of figured out what is going on. From what I can tell, the terms are regional, and available in the language of the region. The fact that my Windows OS, iTunes and iOS are all setup in English, results in the fact that a match cannot be made, and an alternate language is chosen.
If you really want to read the T&C, you can work around the problem by temporarily switching the language, reading the T&C and then resetting to your language of preference.