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.

---

Definitions:

Functional Departments

Refer to specialized units within an organization, each focusing on a specific area of operation such as marketing, finance, or human resources.

Intergroup Conflict

Disputes or antagonism between different groups, often arising from competition for resources, differences in values, or perceived threats.

Emotional Conflict

A clash arising from differences in feelings, values, or personal relationships, often leading to stress or tension in personal interactions.

Intrapersonal Conflict

A psychological struggle within the mind of an individual, involving competing ideas, beliefs, or feelings.