A legal duty between two parties where one party must act in the interest of the other party.
A) Agency theory
B) Angel Investor
C) Fiduciary
D) Investment banker

Question

Quizplus · Accepted Answer

A fiduciary duty is a legal obligation where one party (the fiduciary) must act in the best interest of another party (the beneficiary). This duty is often found in relationships like those between a lawyer and client, or a financial advisor and client. The fiduciary is expected to act in good faith, to avoid conflicts of interest, and to disclose any potential conflicts to the beneficiary.

A Legal Duty Between Two Parties Where One Party Must