Fiduciary duty: Difference between revisions
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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.) |
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''Law.'' | ''Law.'' | ||
A fiduciary is a person who occupies a position of trust in relation to someone else | 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.