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LSDefine

Simple English definitions for legal terms

fiduciary relationship

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A quick definition of fiduciary relationship:

A fiduciary relationship is when one person has a duty to act in the best interest of another person. This can happen in different situations, like when someone is an agent for someone else. Even if the parties didn't mean to create a fiduciary relationship, their actions can show that they did. The relationship ends when the parties don't want it anymore, but the agent can still create obligations for the principal with other people until the relationship is officially over.

A more thorough explanation:

A fiduciary relationship is a type of relationship where one person has a duty to act in the best interest of another person. This duty is called a fiduciary duty. The relationship can be created in different ways, and it doesn't always depend on the parties' intentions.

For example, when someone hires an agent to do something for them, like sell their house, the agent has a fiduciary duty to act in the best interest of the person who hired them. This means the agent can't do anything that would harm the person who hired them, like selling the house for less than it's worth.

Another example is when a doctor treats a patient. The doctor has a fiduciary duty to act in the best interest of the patient, which means they can't do anything that would harm the patient, like prescribing the wrong medication.

It's important to note that the fiduciary relationship can end if the parties no longer intend to maintain it. However, the agent may still have some obligations to third parties that were created during the relationship.

fiduciary duty | field sobriety test

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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