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Fiduciary Duty

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A.  A duty to take some action to prevent harm to another, and for which one may be liable depending on the relationship of the parties and the circumstances.

B. 
A duty of utmost good faith, trust, confidence and candor owed by a fiduciary (such as a lawyer or a corporate officer) to the beneficiary (such as a lawyer's client or a shareholder).

C.  A duty existing in in every contract, obligating each party to cooperate with, or at least not to hinder, the other party's performance.

For more test words go to Archives

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