In Which of the Following Relationships Is a Fiduciary Duty

question 32

Multiple Choice

In which of the following relationships is a fiduciary duty owed?

• A) A principal to his agent
• B) The director of a corporation to the shareholders
• C) The director of a corporation to the corporation
• D) The officers of a corporation to the shareholders
• E) An employer to his employees

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Definitions:

Home Finance

involves the process of providing loans or other financial products to individuals to purchase, build, renovate, or refinance residential properties.

Breach Of Contract

A situation in which one party fails to fulfill the terms of a contract, leading to legal consequences for the breaching party.

Legal Action

A formal process in which a legal proceeding is initiated to enforce a particular right, seek a remedy for a breach, or obtain a legal ruling.

Severe Inflation

A rapid and unchecked increase in prices within an economy, significantly eroding purchasing power.