Which of the following statements most accurately describes the concept of a fiduciary duty?
A)A duty to ensure that the affairs of another persons are well attended to
B)A duty of good to act honestly and in good faith
C)A duty to take all proper and necessary precautions in dealing with the public
D)A duty to avoid acts that will injure another person
E)A duty to act with all due diligence

Question

Quizplus · Accepted Answer

A fiduciary duty is a legal obligation to act in the best interests of another person. This duty requires the fiduciary to act honestly and in good faith, and to avoid any conflicts of interest.

Which of the Following Statements Most Accurately Describes the Concept