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    Essentials of Business Law and the Legal Environment Study Set 2
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    Exam 28: Relationship of Principal and Agent
  5. Question
    A. What Is a Fiduciary
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A. What Is a Fiduciary

Question 22

Question 22

Essay

a. What is a fiduciary?
b. What are the implications of an agent's fiduciary obligation? What is an agent prohibited from doing as a result of this obligation? Explain.

Correct Answer:

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a. A fiduciary is someone who acts for s...

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