Examlex
Please define the following key terms.
-Khuriltai
Fiduciaries
Individuals or organizations that are entrusted to manage assets or wealth on behalf of another party and are required to act in the best interests of the beneficiary.
Duty of Care
The legal obligation to ensure the safety or well-being of others by taking reasonable precautions or actions to avoid acts of negligence.
Duty of Diligence
The obligation to perform work with careful attention, effort, and thoroughness, particularly in a professional or legal context.
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