9911796707
TMI BlogFiduciary relationshipX X X X Extracts X X X X X X X X Extracts X X X X ..... s trustee-beneficiary, guardian-ward, principal-agent, and attorney-client - require an unusually high degree of care. Fiduciary relationships usually arise in one of four situations : (1) when one person places trust in the faithful integrity of another, who as a result gains superiority or influence over the first, (2) when one person assumes control and responsibility over another, (3) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cal fiduciary relations." In Corpus Juris Secundum: A Complete Restatement of the Entire American Law As Developed by All Reported Cases, Volume 36-A, "fiduciary" is defined thus: "A general definition of the word which is sufficiently comprehensive to embrace all cases cannot well be given. The term is derived from the civil, or Roman law. It connotes the idea of trust or confidence, contempla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly for another's benefit in matters connected with such undertaking. Also more specifically, in a statute, a guardian, trustee, executor, administrator, receiver, conservator or any person acting in any fiduciary capacity for any person, trust or estate. Some examples of what, in particular connections, the term has been held to include and not to include are set out in the note." In CBSE v A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct in confidence and for the benefit and advantage of the beneficiary, and use good faith and fairness in dealing with the beneficiary or the things belonging to the beneficiary. If the beneficiary has entrusted anything to the fiduciary, to hold the thing in trust or to execute certain acts in regard to or with reference to the entrusted thing, the fiduciary has to act in confidence and is expect ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
