Search results
Feb 7, 2006 · Published Online February 7, 2006. Last Edited February 11, 2021. In Canadian law, fiduciary obligation refers to a relationship in which one party (the fiduciary) is responsible for looking after the best interests of another party (the beneficiary). The courts have determined that a fiduciary obligation exists where the fiduciary can exercise ...
Nov 24, 2014 · Definition of Fiduciary. Noun. A person or entity to which property, assets, or power have been entrusted for the benefit of another. Adjective (Fiduciary Duty) The obligation of a fiduciary to another person or entity, called a “principal.”. Origin.
Nov 27, 2018 · A fiduciary is a person who, by law, is responsible for acting in the best interests of another person. A fiduciary can be a bank or a brokerage firm. The most common example of a fiduciary duty is that which a trustee performs under a trust. Under a trust, the trustor gives the trustee the right to hold onto property or assets for a ...
The contents of the fiduciary “holy grail” also contemplate the unique space inside which the fiduciary concept operates within the law of civil obligations, as well as the foundational goals that the fiduciary concept is designed to accomplish. II. The Animating Forces of Fiduciary Duties.
whether incest is actionable as a breach of fiduciary obligation between parent and child. Most recently, in . Galambos v. Perez, 7. the court had to decide whether a struggling law firm was in breach of fiduciary obligation for accepting loans from its bookkeeper to help it out of financial difficulty.
- Anthony Duggan
- 2011
fiduciary. 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee of a trust, but fiduciaries can include business ...
People also ask
What is a fiduciary duty?
What does fiduciary mean?
What is an example of a fiduciary?
What is a fiduciary obligation in Canada?
What is a fiduciary duty in BC?
Is the fiduciary concept a civil obligation?
Fiduciary duty refers to the legal obligation to act in the best interests of another party, often a client or customer, and to avoid any conflicts of interest. One potential legal risk for small businesses is the breach of fiduciary duty. This can occur if a business owner fails to act in the best interests of their clients or customers, or if ...
