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.