An Agent Is Bound by a Fiduciary Duty to Avoid

question 63

True/False

An agent is bound by a fiduciary duty to avoid undisclosed,unauthorized conflicts of interest.

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Definitions:

Copyright Protection

Copyright protection is a legal right granted to creators of original works, such as literature, music, and art, to control the use of their work, including reproduction, distribution, and adaptation, for a specific period of time.

Non-disclosure Clauses

Legal provisions in a contract that prohibit the sharing of confidential information with unauthorized parties.

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty of a trustee towards their beneficiaries.

Breach Of Confidence

An unlawful disclosure of confidential information without the permission of the party that owns the information.