A fiduciary relationship involves trust and confidence.

Question

Quizplus · Accepted Answer

A fiduciary relationship is often described as one involving trust, confidence, and reliance on the fiduciary's expertise and integrity. Examples of fiduciary relationships include those between attorneys and their clients, trustees and beneficiaries, and financial advisors and their clients. The fiduciary is legally obligated to act in the best interests of the beneficiary or client, and to put their needs ahead of their own.

A Fiduciary Relationship Involves Trust and Confidence