Which of the Following Is a Distinguishing Feature of Fiduciary

question 56

Multiple Choice

Which of the following is a distinguishing feature of fiduciary relationships?

• A) They are created by contract.
• B) Fiduciaries owe duties of loyalty,trust,and confidence.
• C) Fiduciary relationships are always professional relationships.
• D) Fiduciaries are permitted to claim privilege with regard to communications with their clients.

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Definitions:

Unsolicited Proposals

Proposals or offers made without a specific request, often aiming to pitch new ideas or solutions to potential clients or partners.

External Proposals

Proposals submitted to an outside entity or organization, often for funding, projects, or partnerships.

Yardstick Approach

A method of performance evaluation using a standard measure or benchmark to compare against.

Criteria

Standards or principles by which something is judged or decisions are made.