Difference between revisions of "Fiduciary duty"
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(Reworded so that the fiduciary duty is defined first and then the fiduciary's role.) |
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− | 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. |
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+ | 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.