CLAT CLAT Solved Paper-2010

  • question_answer
    Directions: From the four options given, shade the appropriate correct option in the space provided for it on the OMR Answer Sheet.
    Fiduciary relationship means a relationship based on

    A) Trust                           

    B) Money

    C) Contract                     

    D) Blood relation

    Correct Answer: A

    Solution :

    Ans.   A fiduciary duty is a legal or ethical relationship of confidence or trust between two or more parties, most commonly a fiduciary or trustee and a principal or beneficiary. In a fiduciary relation one person justifiably reposes confidence, good faith, reliance and trust in another whose aid, advice or protection is sought in some matter.

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