For an Agent to Be a Fiduciary Means To

question 108

Multiple Choice

For an agent to be a fiduciary means to:

• A) indemnify the principal for any losses incurred in a lawsuit, not including attorney's fees
• B) have the right and obligation to sell goods belonging to a principal
• C) occupy a position of trust, honesty, and confidence with respect to the principal
• D) indemnify the principal for any losses incurred in a lawsuit, not including attorney's fees and have the right and obligation to sell goods belonging to a principal
• E) indemnify the principal for any losses incurred in a lawsuit, not including attorney's fees and have the right and obligation to sell goods belonging to a principal and occupy a position of trust, honesty, and confidence with respect to the principal

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Definitions:

Hearsay

Evidence based on the reports of others rather than on personal knowledge, which is not admissible in court under most circumstances.

Direct Evidence

Evidence that directly proves a fact without the need for any inference or presumption.

Circumstantial Evidence

Evidence that relies on an inference to connect it to a conclusion of fact, unlike direct evidence that directly proves a fact.

Relevant Evidence

Information and facts presented in a legal proceeding that are directly related to the matter being decided and can influence the outcome.