Agents Have a Fiduciary Duty to Their Principals

question 24

Multiple Choice

Agents have a fiduciary duty to their principals.Which of the following is FALSE with respect to the fiduciary duty?

• A)The fiduciary duty of an agent is a duty to act in good faith and in the best interests of the principal.
• B)The fiduciary duty of an agent requires the agent to avoid conflicts between the interests of the principal and their personal interests.
• C)The fiduciary duty of an agent requires the agent to disclose to the principal any information that may be relevant to the principal's interests.
• D)The fiduciary duty of an agent may be breached even in circumstances where the principal does not experience any loss as a result of the breach.
• E)The breach of a fiduciary duty requires the agent to have committed actual theft from the principal.

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Definitions:

Brightness

A measure of how light or luminous a space or source appears to the eye.

Intensity of Nonspectral Color

The degree of strength or vividness of a color that does not correspond to a single wavelength of light but is perceived as a mixture of wavelengths.

McCullough After-effect

A phenomenon where prolonged viewing of colored stimuli causes an object to appear in complementary colors when subsequently viewed on a white background.

Pool Their Signals

This concept involves combining multiple indicators or signals to enhance decision-making or analysis.