An Agent Automatically Owes a Fiduciary Duty to His Principal

question 14

True/False

An agent automatically owes a fiduciary duty to his principal.

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Definitions:

Conversion Theory

A psychological theory suggesting that minority groups can influence the majority through consistency and confidence in their viewpoints.

Instantaneously

Occurring or done in an instant or immediately, without any noticeable delay.

Consensus

A general agreement among members of a group or the process of reaching such an agreement.

Innovation

The process of introducing new ideas, devices, or methods, often leading to positive change or improvements in a particular field or society.