Which of the Following Is True Regarding the Status of an Agent

question 31

Multiple Choice

Which of the following is true regarding the status of an agent as a fiduciary?

• A) Although the principal is a fiduciary, an agent is not a fiduciary.
• B) An agent is a fiduciary only if the principal and agent agreed by written contract that the agent is a fiduciary.
• C) An agent is a fiduciary only if the principal and agent agreed by written or oral contract that the agent is a fiduciary.
• D) An agent is only a fiduciary to the principal only if a transaction in excess of $10,000 is involved.
• E) An agent is a fiduciary to the principal.

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Definitions:

Psychologists

Professionals specializing in the study of the mind and behavior, often involved in assessing and treating mental health issues.

Traditional Role

Established patterns of behavior and expectations assigned to individuals or groups in society based on historical or cultural norms.

Mood-altering Drugs

Substances that can change or regulate mental or emotional states, including prescription medications, recreational drugs, and certain over-the-counter products.

Sociology of Medicine

The study of the social aspects of medicine, including the roles of patients and healthcare providers, and how culture impacts healthcare practices.