The highest standard of care to be exercised by an individual who is entrusted with another individual's property or confidence. A requirement mandated by law that a professional advisor, whose advice or protection is sought by a person who is in a position of vulnerability with respect to the level of expertise needed to determine whether advisor is acting in the best interests of the person.
Related information about fiduciary duty:
- Fiduciary - Wikipedia, the free encyclopedia
A fiduciary duty is the highest standard of care at either equity or law. A fiduciary ( abbreviation fid) is expected to be extremely loyal to the person to whom he ...
- Fiduciary Duty - Legal Dictionary - The Free Dictionary
An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has ...
- What is fiduciary duty? definition and meaning
Definition of fiduciary duty: A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone ...
- Fiduciary Duties
Contract and Fiduciary Duty by Frank H. Easterbrook and Daniel R. Fischel The Journal of Law and Economics, 1993, 36 J.L. & Econ. 425 p.426-29. Ever since ...
- Breach of Fiduciary Duty
A breach of fiduciary duty is often easier to prove than fraud. The claimant does not need to prove criminal or fraudulent intent or the other elements of fraud.
- Fiduciary Duty | LII / Legal Information Institute
Definition. A fiduciary duty is a legal duty to act solely in another party's interests. Parties owing this duty are called fiduciaries. The individuals to whom they owe ...
- Breach of Fiduciary Duty Law & Legal Definition
A fiduciary duty is an obligation to act in the best interest of another party. For instance, a corporation's board member has a fiduciary duty to the shareholders, ...
- What Does Fiduciary Duty Mean? | Home Guides | SF Gate
A fiduciary is an individual who acts in the interest of another person or an organization. A fiduciary may be an agent, a broker, an attorney or a legal guardian ...