Examlex
A stop payment means that a bank's customer cancels its instructions to pay a particular cheque and orders the bank to refuse payment when that cheque is presented.
Fiduciary Duty
An obligation to act in the best interest of another party, typically in a relationship where trust and confidence are essential.
Duty Of Care
An obligation to take steps to avoid foreseeable harm; an essential element for establishing liability in the tort of negligence.
Breach Of Fiduciary Duty
A legal violation that occurs when a trusted individual or entity fails to act in the best interests of those they owe a duty to.
Director
An individual appointed to the board of an organization, responsible for guiding its policy and direction.
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