Which of the Following Statements Is True of Contracts Having

question 31

Multiple Choice

Which of the following statements is true of contracts having fiduciaries?

• A) Agreements by fiduciaries that favor the interests of a third person at the expense of their principals' interests is considered legal.
• B) Any agreement that tends to induce a fiduciary to breach his or her fiduciary duties is considered legal.
• C) A fiduciary is a provision in a contract that attempts to relieve one party to the contract from liability for the consequences of his or her own negligence.
• D) A fiduciary can lawfully enter an agreement by fully and fairly disclosing the conflict to his or her principal or beneficiary in advance.

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Definitions:

Skill Levels

The classification of employees or tasks based on the complexity, required expertise, and responsibilities associated with a job.

Job Tenure

The length of time an individual has worked within a particular organization or held a specific position, often associated with job stability and experience levels.

Benchmarking

A method of comparing business processes and performance metrics to industry bests or best practices from other companies.

Balanced Scorecard

A system for strategic planning and management utilized by organizations to convey their objectives and align and measure performance in accordance with strategic aims.