A Fiduciary Duty Exists Between a Professional and His or Her

question 35

Multiple Choice

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

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

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Definitions:

Professional Standards

A set of ethical and operational guidelines or principles that govern the conduct of professionals within a particular field.

Ethical Standards

Guidelines that govern the professional conduct of individuals in various professions, particularly the legal profession.

Indirectly Regulated

Subject to control or influence in a less direct manner through regulations impacting related areas or intermediaries.

Paralegal Organizations

Associations or groups that provide support, education, and advocacy for paralegals and legal assistants in the legal profession.