If a fiduciary duty exists,the law imposes additional requirements on a professional beyond those set out in any contract or required under tort law.These requirements include all of the following EXCEPT
A)the need to act honestly and in good faith.
B)the need to act only in the best interests of the client.
C)the need to reduce to writing all meetings held with the client.
D)the need to avoid all conflicts of interest.
E)the need to account for all property held or administered on behalf of the beneficiary.

Question

Quizplus · Accepted Answer

While the other options are requirements of a fiduciary duty, the need to reduce to writing all meetings held with the client is not specifically required. However, it may be a recommended practice to ensure transparency and avoid misunderstandings.

If a Fiduciary Duty Exists,the Law Imposes Additional Requirements on a Professional