1. Suppose you and I negotiate a contract pursuant to which agree to buy all of the rights to my latest invention (and the company I organized to develop the invention) for $10 millionplusthe amount of the company's outstanding debt (approximately $1 million) that I incurred in developing the invention.Suppose, too, that when I sent you a draft of the contract, the contract stated that the purchase price would be $10 millionlessthe company's debt.What is your ethical obligation to me?Should you tell me about the mistake?What Life Principles would you apply in this situation - and how might some of our ethical theorists look at the situation?