Asked by
Bogumila Polska
on Nov 10, 2024
Verified
A person owing a fiduciary duty must submerge personal interests in favour of the interests of the principal he or she represents.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with a particular responsibility, such as in a trustee-beneficiary or agent-principal relationship.
Personal Interests
Individual preferences, hobbies, or activities that a person finds enjoyable or important.
- Recognize the vital importance of fiduciary commitments and the necessity for agents to prioritize the welfare of principals.
Verified Answer
EM
Learning Objectives
- Recognize the vital importance of fiduciary commitments and the necessity for agents to prioritize the welfare of principals.
Related questions
Information That Comes to the Agent Because of His Position ...
Where an Agent Has Been Guilty of Fraudulent Misrepresentation, the ...
When Joe Was Given Authority to Do Anything Necessarily Incidental ...
An Agent Owes a Fiduciary Duty to the Third Party ...
Information That Comes to the Agent Because of His Position ...