AgencyFiduciary DutiesMEDIUM
A fiduciary relationship exists between:
Correct Answer
B) An agent and their principal
A fiduciary relationship exists between an agent and their principal. The agent owes the principal the highest duties of loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care.
Answer Options
A
Any two parties in a transactionB
An agent and their principalC
The buyer and seller onlyD
The lender and borrowerVideo Explanation3 min
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