A Fiduciary Duty Exists Between a Professional and His or Her

question 41

Multiple Choice

A fiduciary duty exists between a professional and his or her client when

• A)the professional lends money to the client.
• B)the principle of equity imposes such a duty.
• C)the client owes money to the fiduciary.
• D)a special relationship of trust exists.
• E)a contract exists between the professional and the client.

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Definitions:

Additional Benefits

Supplemental compensations or perks provided by employers beyond basic salary, including health insurance, retirement plans, etc.

Contractual Duties

Obligations that parties agree to perform under the terms of a contract.

Terminate

To bring to an end or conclude something, such as a contractual agreement, employment, or a process.

Repudiation

The refusal to fulfill or acknowledge contractual obligations, often leading to a breach of contract claim.