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Which of the Following Is NOT a Characteristic of a Fiduciary

Question 4

Multiple Choice

Which of the following is NOT a characteristic of a fiduciary relationship?


A) The fiduciary can unilaterally exercise the power of discretion so as to affect the beneficiary's legal or practical interests.
B) The beneficiary places trust in the fiduciary.
C) The beneficiary is particularly vulnerable to or at the mercy of the fiduciary holding the discretion or power.
D) The fiduciary is more wealthy than the beneficiary.
E) The fiduciary has scope for the exercise of some discretion or power.

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