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Introduction to Debentures

Fiduciary rel...

Question

Fiduciary relationship means a relationship based on ________________.

A

trust

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B

money

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C

contract

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D

blood relation

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Solution

The correct option is C trust
Fiduciary relationships are those kind of relationships where one person has complete trust on another for a particular transaction or business. It is not necessary to establish such relations formally or legally but it is of moral responsibility. For example, the relationship between lawyer and his client is a fiduciary relationship.

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