Which of the Following Is True Regarding the Status of an Agent

question 71

Multiple Choice

Which of the following is true regarding the status of an agent as a fiduciary?

• A)An agent is a fiduciary only if the principal and agent agreed by written or oral contract that the agent is a fiduciary.
• B)Although the principal is a fiduciary,an agent is not a fiduciary.
• C)An agent is a fiduciary only if the principal and agent agreed by written contract that the agent is a fiduciary.
• D)An agent is only a fiduciary to the principal only if a transaction in excess of $10,000 is involved.
• E)An agent is a fiduciary to the principal.

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Definitions:

Myocardial Infarction

A medical condition commonly known as a heart attack, which occurs when blood flow to a part of the heart is blocked for a long enough time that part of the heart muscle is damaged or dies.

Diabetes Mellitus

A metabolic disorder characterized by high blood sugar levels over a prolonged period due to insulin production or function issues.

Upper Extremity Fracture

A break in any of the bones of the upper limb, including the arm, wrist, and hand, often requiring immobilization or surgery.

Flexing Knees

The act of bending the knees, a movement that can be involved in physical exercises or assessments of joint function.