What Would a Court Require Evidence of in Order to Establish

question 68

Multiple Choice

What would a court require evidence of in order to establish the existence of a fiduciary duty owed to a plaintiff?

• A) the principal's influence and trust
• B) the defendant's reliance,power,and influence
• C) the agent's influence and reliance
• D) the plaintiff's reliance,trust,and vulnerability

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).

Inefficient

A situation where resources are not utilized in the best possible way, leading to wasted inputs or the capability to produce more for less not being exploited.

Comparative Advantage

Situation in which Country 1 has an advantage over Country 2 in producing a good because the cost of producing the good in 1, relative to the cost of producing other goods in 1, is lower than the cost of producing the good in 2, relative to the cost of producing other goods in 2.

Marginal Costs

The additional cost incurred by producing one more unit of a product or service.