FIDUCIARY DUTY: An obligation to act in the best interest of another party.
Fiduciary duty
Definition
: a duty obligating a fiduciary (as an agent or trustee) to act with loyalty and honesty and in a manner consistent with the best interests of the beneficiary of the fiduciary relationship ( ...
"A fiduciary duty imposes the highest duty in law on the party holding the duty - the fiduciary - to act altruistically for the sole benefit of the beneficiary, to the fiduciary's own detriment if necessary.
of a client, whose interests were materially adverse to a former client in a matter substantially related to that in which he or she represented the former client, was an impermissible conflict of interest, giving rise to breach of a fiduciary duty.
A failure to disclose a fact does not fit this misrepresentation in common law, unless there is a fiduciary duty between the thief and victim. Courts have also held that the representation be of a present or past fact.
(see: fiduciary duty)
What actions may be undertaken by the officers of a corporation in their capacity as such, and what actions require the approval of the directors or of the shareholders? (see: corporate governance) ...
It is a fundamental aspect of tort law, although liability may also arise from duties entered into by special agreement, as in a contract or in the carrying out of a fiduciary duty.
See Principal, Fiduciary, and Fiduciary duty.
Definition from Nolo's Plain-English Law Dictionary ...
Civil Causes of Action Breach of Fiduciary Duty
Convent
Civil Causes of Action Breach of Rental Agreement ...
Online Glossary includes terms such as abandon, backfreight, ballast movement, cabotage policies, cargo manifest, entry, even keel, feeder service, fiduciary duty general cargo carriers, harbor master, jacob's ladder, keel, knot, etc.
Broker A person or entity that arranges contracts (for real estate, insurance, stocks, and the like) between a buyer and seller for a commission. Brokers in many fields are regulated and licensed by each state and have a fiduciary duty to act in ...
own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate or by any person with a responsibility to care for and protect another's assets (a fiduciary duty).
The responsibility entrusted to the person in whom trust is reposed is called a fiduciary duty, i.e., the duty of good faith.
 See also: Fiduciary, Duty, Law, Trust, Lawyer
  
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