• written contracts with ambiguous terms are automatically void and ca nnot be corrected .
• written agreements may be used to change a final written contract if t he final written contract isn ' t exactly conforming to the precontract agreements
2- LLPs were created to
• Increase the duration of the business entity permitted under LLC stat utes .
• Provide limited protections for general partners increasing protections offered by LLCs .
• Ease the costs and filing requirements present with LLCs .
• limit taxation burdens existing in LLCs 3- Stan is an investment manager . He has received money from various i nvestors with a promise of very high returns on their investments . The invested money is not supplying enough capital in order to pay the retu rns promised so he has started using new investor ' s money to pay older investors . By advertising and by word of mouth , people are anxious to invest with Stan because of the money being paid and with the influx o f new investors he is able to continue operating . Stan is
• operating an insider trading operation .
• guilty of conspiracy to defraud .
• racketeering .
• operating a Ponzi scheme 4- There are several reasons why whistle blowing may not be protected on an international level . These include
• Most business is not truly international and so there has been no push for globalization of protection .