Examlex

Solved

An Agent Owes a Fiduciary Duty to the Third Party

question 52

True/False

An agent owes a fiduciary duty to the third party to act in that third party's best interest.


Definitions:

Ombudsperson

A person designated by an organization to listen to complaints and disputes in an attempt to resolve them.

Dispute Resolution

The process of resolving conflicts or disagreements between parties through negotiation, mediation, arbitration, or legal actions.

Persuasive Communication

The ability to convey messages or information in a way that influences, convinces, or changes the behavior or beliefs of the audience.

Credible Communication

A form of communication that is both trustworthy and believable.

Related Questions