What Is the Best Definition of a Fiduciary Relationship

question 13

Multiple Choice

What is the best definition of a fiduciary relationship?

• A)The principal pays the agent to act on his or her behalf.
• B)The principal grants an agent permission to act,either by words or conduct.
• C)A principal is liable for certain torts committed by an agent.
• D)The trustee must act in the best interests of the beneficiary.

---

Definitions:

Dementia Praecox

An outdated term once used to describe what is now known as schizophrenia, characterized by early onset of disconnection from reality.

Psychotic Mania

A severe form of mania that includes symptoms of psychosis such as hallucinations or delusions, often observed in bipolar disorder.

Multiple Personality Disorder

Also known as Dissociative Identity Disorder, it is a severe condition in which two or more distinct identities, or personality states, are present in—and alternately take control of—an individual.

Derailment

A thought process characterized by a sudden shift from one topic to another, which can appear incoherent to the listener; often seen in psychotic disorders.