Which of the following is legal duty between two parties where one party must act in the interest of the other party?
A)Agency theory
B)Angel investor
C)Fiduciary
D)Investment banker

Question

Quizplus · Accepted Answer

A fiduciary duty is a legal obligation of one party to act in the best interest of another party. This is often seen in relationships between trustees and beneficiaries or financial advisors and clients. The other options do not necessarily imply a legal duty to act in the best interest of another party.

Which of the Following Is Legal Duty Between Two Parties