Which of the Following Is NOT a Characteristic of a Fiduciary

question 4

Multiple Choice

Which of the following is NOT a characteristic of a fiduciary relationship?

• A) The fiduciary can unilaterally exercise the power of discretion so as to affect the beneficiary's legal or practical interests.
• B) The beneficiary places trust in the fiduciary.
• C) The beneficiary is particularly vulnerable to or at the mercy of the fiduciary holding the discretion or power.
• D) The fiduciary is more wealthy than the beneficiary.
• E) The fiduciary has scope for the exercise of some discretion or power.

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Definitions:

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799, leading to the decline of monarchies and churches and the rise of democracy and nationalism.

Old Regime

The political and social system of France before the French Revolution of 1789, characterized by the absolute monarchy and feudal privileges.

Jacobins

The Jacobins were a radical and influential political group during the French Revolution, advocating for democracy and equality.