Which of the Following Statements Related to an Agent's Fiduciary

question 19

Multiple Choice

Which of the following statements related to an agent's fiduciary duty is correct?

• A)Despite a recent Supreme Court of Canada decision,it is likely that agents will continue to have a fiduciary duty to their principals,where an agent has agreed to act in the principal's best interest,but only if this agreement is in writing.
• B)Despite a recent Supreme Court of Canada decision,it is likely that agents will continue to have a fiduciary duty to their principals,where an agent has agreed to act in the principal's best interest.
• C)As a result of a recent Supreme Court of Canada decision,agents no longer have a fiduciary duty to their principals except in matters involving monetary transactions.
• D)As a result of a recent Supreme Court of Canada decision,only agents who are also employees have a fiduciary duty to their principals.
• E)As a result of a recent Supreme Court of Canada decision,only agents who are employees or dependent contractors have a fiduciary duty to their principals.

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Definitions:

Conflict

A situation or process in which individuals or groups have incompatible goals, interests, or values, leading to disagreements or disputes.

Process

A series of actions or steps taken to achieve a particular end, often involving a methodical or systematic approach.

Interests

Activities, subjects, or pursuits that a person finds enjoyable or thinks are important.

Positively Affected

Influenced in a beneficial way.