Which of the following statements related to an agent's fiduciary duty is correct?
A) Despite a recent Supreme Court of Canada decision,it is likely that agents will continue to have a fiduciary duty to their principals,where an agent has agreed to act in the principal's best interest,but only if this agreement is in writing.
B) Despite a recent Supreme Court of Canada decision,it is likely that agents will continue to have a fiduciary duty to their principals,where an agent has agreed to act in the principal's best interest.
C) As a result of a recent Supreme Court of Canada decision,agents no longer have a fiduciary duty to their principals except in matters involving monetary transactions.
D) As a result of a recent Supreme Court of Canada decision,only agents who are also employees have a fiduciary duty to their principals.
E) As a result of a recent Supreme Court of Canada decision,only agents who are employees or dependent contractors have a fiduciary duty to their principals.
Correct Answer:
Verified
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