In its most basic terms,a fiduciary relationship is one of

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A fiduciary relationship is based on trust, where one party (the fiduciary) is obligated to act in the best interests of the other party (the beneficiary) and prioritize their interests above their own. The fiduciary owes fiduciary duties to the beneficiary, such as loyalty, care, and disclosure of information. Choice B (control) and C (competition) do not accurately describe the essence of a fiduciary relationship, and while choice D (disclosure) is an important component of fiduciary duties, it alone does not fully capture the nature of the relationship.

In Its Most Basic Terms,a Fiduciary Relationship Is One of