Fiduciary Relationship Trust Basis

Summary

A fiduciary relationship is based on trust and confidence, not solely on contracts, employment, or professional advice. It is unlikely to exist in a seller-buyer real estate relationship. Understanding these nuances can help in identifying when fiduciary duties are applicable, particularly in professional liability contexts. If you have specific concerns about fiduciary duties or professional liability, consulting with a legal professional can provide tailored guidance.

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In which of the following relationships is a fiduciary duty of care unlikely to be owed? Group of answer choices The relationship between principal and agent The relationship between partner and partnership The relationship between seller and buyer of real estate The relationship between professional and client
A fiduciary duty is unlikely to be owed in the relationship between a seller and buyer of real estate.
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