A person who owes a duty of trust, loyalty, and confidence to another is called?

Study for the Florida Mutual Recognition Test. Use flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

A person who owes a duty of trust, loyalty, and confidence to another is called?

Explanation:
A fiduciary is the person who owes the duty of trust, loyalty, and confidence to another. In such relationships, the fiduciary must act in the other person’s best interests, avoid conflicts of interest, and disclose any that arise, putting the beneficiary’s interests ahead of their own. This term refers to the individual itself, not just the relationship or the system of law. The term fiduciary relationship describes the bond that creates those duties, not the person. A principal is someone who authorizes an agent, and common law is the broader body of law governing many areas, not a person. So the best answer is the fiduciary.

A fiduciary is the person who owes the duty of trust, loyalty, and confidence to another. In such relationships, the fiduciary must act in the other person’s best interests, avoid conflicts of interest, and disclose any that arise, putting the beneficiary’s interests ahead of their own. This term refers to the individual itself, not just the relationship or the system of law. The term fiduciary relationship describes the bond that creates those duties, not the person. A principal is someone who authorizes an agent, and common law is the broader body of law governing many areas, not a person. So the best answer is the fiduciary.

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