In the Case of Breach of Fiduciary Duty,a Defendant May

question 22

True/False

In the case of breach of fiduciary duty,a defendant may be under a duty to account for any profits derived from the breach as an alternative to damages.

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Definitions:

Periodic Interest Rate

The amount of interest charged or earned over a particular period of time, often expressed as a rate per month or quarter.

Compounded Annually

Interest calculation method where interest is added to the principal sum once per year, leading to an increase in the amount of subsequent interest.

Periodic Interest Rate

The amount of interest charged or earned over a specific period, often expressed as a percentage of the principal.

Payment Interval

The standard interval at which payments are made on a loan or investment, like monthly or yearly.