If the Protector is expecting Terrence to freak out, he'll be disappointed. The rabbit knight is surprised, certainly, and his face absolutely shows it... But he's also not particularly upset.

If anything, he's even more curious, since as the Protector himself put it - he'll receive only lies from the Wizard. If he wants answers, he should ask the Protector.

"...We are," he emphasizes in return, staring into his drink idly. "But you have to admit, the very fact I've come up with the scenario I just presented is because of the lack of information you've given us, regardless of why."