"Disgorgement," in the Context of Fiduciaries,means That

question 16

Multiple Choice

"Disgorgement," in the context of fiduciaries,means that:

• A) An injured client is entitled to recover triple the amount of his provable damages
• B) An injured client is entitled to recover his actual damages, plus interest, and attorney's fees
• C) A client is entitled to recover the amount of the profits earned by the fiduciary as a result of its misconduct, even if the client did not suffer any actual damages
• D) A client is presumed to be entitled to recover the amount of the profits earned by the fiduciary, unless the fiduciary can prove that the client suffered no actual harm

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Definitions:

Small Businesses

Enterprises characterized by a smaller number of employees and revenue, playing a crucial role in the economy and offering personalized services or products.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts and liabilities.

Disadvantages

The negative aspects or drawbacks associated with a situation, decision, or action that may affect desired outcomes negatively.

Advantages

The beneficial aspects or positive outcomes that result from specific actions, strategies, or situations.