Practically speaking, the law generally recognizes a fiduciary duty:
A) for cashiers and accountants.
B) for ordinary employees handling cash and valuables.
C) for officers and directors of a company.
D) All of the above are recognized as having a fiduciary duty.

Question

Quizplus · Accepted Answer

The law generally recognizes a fiduciary duty for officers and directors of a company. While employees handling cash and valuables may be entrusted with property, they generally do not hold the level of responsibility that is associated with a fiduciary duty. Cashiers and accountants may have a duty of care or diligence but not necessarily a fiduciary duty. Therefore, option D is not correct.

Practically Speaking, the Law Generally Recognizes a Fiduciary Duty