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LSDefine

Simple English definitions for legal terms

fiduciary contract

Read a random definition: equitable abstention

A quick definition of fiduciary contract:

A fiduciary contract is an agreement between two parties where one party gives something to the other party with the condition that the second party will return it to the first party. It's like borrowing something from a friend and promising to give it back.

A more thorough explanation:

A fiduciary contract is an agreement between two parties where one party entrusts something to the other party with the condition that it will be returned to the first party.

For example, if a person hires a financial advisor to manage their investments, they are entering into a fiduciary contract. The financial advisor is entrusted with the responsibility of managing the investments in the best interest of the client and returning the profits to the client.

Another example of a fiduciary contract is when a person hires a lawyer to represent them in a legal matter. The lawyer is entrusted with the responsibility of representing the client's interests and returning any settlements or damages awarded to the client.

These examples illustrate the definition of a fiduciary contract because in both cases, one party is entrusting something valuable to another party with the expectation that it will be returned to them. The second party is obligated to act in the best interest of the first party and return any profits or damages to them.

fiduciarius tutor | fiduciary debt

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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