Carson, Who Is an Agent for Peter, Breaches His Fiduciary

question 30

Multiple Choice

Carson, who is an agent for Peter, breaches his fiduciary duty to Peter.Carson:

• A) is liable to Peter in tort for any losses caused by the breach.
• B) is liable to Peter for breach of contract.
• C) must make restitution for any profits or property received in breach of this duty.
• D) All of these are correct.

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Definitions:

Moral Reasoning

The process through which individuals make decisions about what is right and wrong based on personal, societal, and ethical criteria.

Mathematical Transformations

The process of changing variables or applying operations to alter the form of a mathematical equation or function without changing its essence.

Theory Of Mind

The capacity to recognize and assign mental states such as beliefs, intentions, desires, emotions, and knowledge to oneself and others, while grasping that others may hold beliefs, desires, and intentions distinct from our own.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly and logically.