What is a fiduciary?
A)An officer of the law.
B)A trusted party who acts as an agent for another person.
C)A lawyer designated by the courts.
D)All of the above.
E)None of the above.

Question

Quizplus · Accepted Answer

A fiduciary is a trusted party who acts as an agent for another person. Option A is incorrect as a fiduciary is not necessarily an officer of the law. Option C is incorrect as a lawyer designated by the courts can be a fiduciary, but not all fiduciaries are lawyers designated by the courts. Option D is incorrect as option C is not always true. Option E is incorrect as a fiduciary does exist as explained in option B.

What Is a Fiduciary