在Bristol & West Building Society v Mothew [1998] Ch 1案中,法院明确breach of contract与breach of fiduciary duty并不是一回事,而且从义务的性质上进一步看,违反义务不会单纯因疏忽而产生。Breach of fiduciary duty需要是有意(intentional)的,无意的忽略(unconscious omission)不一定会违反fiduciary duty。在Ba...
LawA debate exists in the close corporate literature and caselaw regarding who in a close corporation owes fiduciary duties, to whom those duties are owed, whetherBy Mary SiegelSocial Science Electronic PublishingMary Siegel....
Definition of fiduciary duty in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is fiduciary duty? Meaning of fiduciary duty as a legal term. What does fiduciary duty mean in law?
In order for a fiduciary duty to be legally binding, the agreement must be created under the law, by statute or contract, or by factual circumstances of the relationship, such as being based on case law. A fiduciary duty is in place when a relationship with a client calls for unique trus...
Definition of fiduciary duty in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is fiduciary duty? Meaning of fiduciary duty as a finance term. What does fiduciary duty mean in finance?
The meaning of a fiduciary duty is the duty an individual has to another in which they must act to benefit the other person, most commonly financially. Therefore, the definition of a fiduciary is the individual obligated to act in the best interest of the principal or the beneficiary. There...
The fiduciary is held to a higher standard of loyalty, good faith, and honesty in their dealings with the beneficiary, and any conflicts of interest must be avoided. The concept of fiduciary duty can be traced back to ancient times, where it was extensively used in Roman law. However, the...
A fiduciary is an individual or organization that manages money and has a legal duty to act in the best financial interests of someone else [1]. Fiduciaries have a bond of trust with clients and must avoid conflicts of interest. Fiduciary relationships are not governed by one specific law. ...
duty of careduty of loyaltybusiness judgment ruleThis chapter analyzes the development of corporate fiduciary law and principles in the law of the People's Republic of China from the early 1990s to date. The story starts with a short history of the contested advent of explicitly law-based ...
Law.of or relating to the relationship of trust and good faith between a fiduciary and the person for whom the fiduciary acts: The executor of a will has a fiduciary duty to act in the best interest of the beneficiary. The banks do not assume any financial responsibility—they act in a ...