An Agent Is Bound by a Fiduciary Duty to Avoid

question 63

True/False

An agent is bound by a fiduciary duty to avoid undisclosed,unauthorized conflicts of interest.

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Definitions:

Custodial Staff

Employees responsible for cleaning and maintaining buildings, ensuring environments are tidy and sanitary.

Recent Hire

An individual who has been employed by an organization or company in the near past.

Competing Firm

A company that operates in the same industry and market as another, offering similar products or services to the same customer base.

Telecommunications

The technology-driven sector that facilitates communication over distances through the transmission of voice, video, data, and other signals by electronic or electromagnetic means.