Examlex
Which of the following statements is true?
Fiduciary Duty
Fiduciary duty is a legal obligation of one party to act in the best interest of another when entrusted with certain responsibilities, primarily in financial matters.
Secretly Competes
When an individual or entity engages in competition against another party without their knowledge, often violating a trust or agreement.
Business Transaction
The process of buying, selling, or exchanging goods, services, or any kind of financial relation between businesses or between a business and a consumer.
Breached Fiduciary Duty
A violation of the obligation to act in the best interest of another party, often related to situations of trust and confidence.
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