Examlex
According to Keil and Robey (1999) ,a common pitfall in monitoring the risks of a project already underway is:
Partnership Taxation
The tax rules and regulations that apply to the income, deductions, and credits of a partnership and how they are reported to the partners.
Good Faith
A principle denoting honesty and sincerity of intention without any intent to deceive or defraud.
Fiduciary Duty
This is a legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.
Madoff's Ponzi Scheme
A massive fraudulent investment operation masterminded by Bernard Madoff, where returns to investors were paid from their own money or the money of new investors, rather than from profit earned.
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