A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

Question

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In a fiduciary capacity, a person is responsible for handling the money or property of another person or organization, and is therefore expected to act in the best interest of that party. This can include trustees, attorneys, agents, and other professionals who have a legal or ethical obligation to act on behalf of their clients or beneficiaries. Embezzlement and conversion, on the other hand, involve stealing or misappropriating property that belongs to someone else, and are typically done for personal gain.

A Person Is Said to Be in ________ Act, When