Which of the Following Is NOT True

question 21

Multiple Choice

Which of the following is NOT true?

• A)A fiduciary duty exists when there is an existing contract between the professional and the client.
• B)The principles for determining damages for breach of contract and breach of fiduciary duty are not necessarily the same.
• C)A fiduciary duty requires that a professional avoid situations that give rise to a conflict of interest.
• D)The existence of a fiduciary duty means that a lawyer cannot,as a general rule,act for a purchaser and vendor at the same time.
• E)A fiduciary duty requires complete fidelity and loyalty to the other party.

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Definitions:

Ethical Guidelines

Guidelines designed to ensure that behavior and practices adhere to a set of moral principles, especially in research and professional settings.

Code of Ethics

A set of guidelines designed to set out acceptable behaviors and practices for members of a particular profession or organization.

Voluntary Participation

A principle requiring that individuals choose to participate in research of their own free will without coercion or undue influence.

Nonmaleficence

A principle in ethics, especially in healthcare, which dictates avoiding the causation of harm to others.