Fiduciary duty: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
m (Added 1 line space before see also)
imported>Doug Williamson
(Reworded so that the fiduciary duty is defined first and then the fiduciary's role.)
Line 1: Line 1:
''Law.''
''Law.''


A fiduciary is a person who occupies a position of trust in relation to someone else such that he is required to act for the latter's benefit within the scope of that relationship.
A fiduciary duty is a legal duty to act solely in another party's interests.
 
A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship.





Revision as of 10:48, 30 March 2016

Law.

A fiduciary duty is a legal duty to act solely in another party's interests.

A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship.


See also