Author Question: Which of the following statements related to an agent's fiduciary duty is correct? (Read 76 times)

charchew · **on:** Aug 7, 2021

Which of the following statements related to an agent's fiduciary duty is correct?
◦ As a result of a recent Supreme Court of Canada decision, only agents who are employees or dependent contractors have a fiduciary duty to their principals.
◦ Despite a recent Supreme Court of Canada decision, it is likely that agents will continue to have a fiduciary duty to their principals, where an agent has agreed to act in the principal's best interest, but only if this agreement is in writing.
◦ Despite a recent Supreme Court of Canada decision, it is likely that agents will continue to have a fiduciary duty to their principals, where an agent has agreed to act in the principal's best interest.
◦ As a result of a recent Supreme Court of Canada decision, agents no longer have a fiduciary duty to their principals except in matters involving monetary transactions.
◦ As a result of a recent Supreme Court of Canada decision, only agents who are also employees have a fiduciary duty to their principals.

al · **Reply #1 on:** Aug 7, 2021

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