Agents Have a Fiduciary Duty to Their Principals

question 57

Multiple Choice

Agents have a fiduciary duty to their principals. Which of the following is TRUE with respect to the fiduciary duty?

• A) The fiduciary duty of an agent may be breached even in circumstances where the principal does not experience any loss as a result of the breach.
• B) The fiduciary duty of an agent is a duty to act in good faith and in the best interests of the principal.
• C) The fiduciary duty of an agent requires the agent to avoid conflicts between the interests of the principal and their personal interests.
• D) The fiduciary duty of an agent requires the agent to disclose to the principal any information that may be relevant to the principal's interests.
• E) All of the above.

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Definitions:

Passionate Love

A type of romantic relationship that includes intense longing and sexual desire.

Physically Attractive

The attribute of having physical traits that are universally or culturally perceived as aesthetically pleasant or appealing.

Interpersonal Attraction

The force that draws people together, making them like, love, or feel close to one another.

Interpersonal Attraction

The force that draws people together and creates the desire for ongoing interaction.