An Agent Owes a Fiduciary Duty to His Principal, a Director

Multiple Choice

An agent owes a fiduciary duty to his principal, a director owes a fiduciary duty to the corporation, and partners owe a fiduciary duty to the firm and to the other parties. Which of the following is not true with regard to one's fiduciary duty?

A) An agent would be in breach of his fiduciary duty if he let his interest conflict with his duty.
B) A fiduciary is in a position of trust and owes true loyalty to the person depending on him.
C) A shareholder owning a business that secretly competes with the corporation is in breach of fiduciary duty.
D) A partner secretly competing with his own firm would be in breach of his fiduciary duty.
E) An agent failing to disclose to his principal all information relating to the principal's business transaction would be a breach of his fiduciary duty.