Abstract
Fiduciary law governs myriad relationships, including employment relationships, business organizations, and professional relationships. Fiduciary relationships characteristically have two parties, a fiduciary and a beneficiary, each of which may be an individual, an organization, or a group of individuals or organizations. The fiduciary acts on behalf of the beneficiary. Trustees are fiduciaries for the beneficiaries of the trust. People with managerial power in a business organization – partners, officers, directors, and so forth – are fiduciaries for the owners of the business organization. Professionals like doctors, lawyers, and clergy may be fiduciaries with respect to their patients, clients, and parishioners. Nations can be fiduciaries and so can government officials …
Smith, D Gordon and Gold, Andrew S, Introduction to the Research Handbook on Fiduciary Law (July 1, 2018). Research Handbook on Fiduciary Law, 2018, ISBN: 978-1-78471-483-3.
First posted 2018-07-27 05:06:34
Leave a Reply