This is the legal duty of a representative to manage property in the interest of the owner.

Question

Quizplus · Accepted Answer

Fiduciary responsibility refers to the legal obligation of a representative to manage property in the best interest of the owner. This includes duties such as loyalty, care, and disclosure. Contributory liability relates to the sharing of responsibility for a legal claim, principal accountability refers to the responsibility of a principal for the actions of their agent, and ownership interest refers to having a legal claim or right to property as an owner.

This Is the Legal Duty of a Representative to Manage