A fiduciary duty may exist in the absence of a contractual duty.

Name: A fiduciary duty may exist in the absence of a contractual duty.
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A fiduciary duty is a legal duty for one party to act in the best interest of another party. While a fiduciary duty can arise from a contract, it can also exist in the absence of a contractual obligation. Examples include the duties of a trustee to a beneficiary or the duties of a corporate director to shareholders.

A Fiduciary Duty May Exist in the Absence of a Contractual