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-   -   Probably the most boring subject ever... ever. (https://thetfp.com/tfp/general-discussion/152008-probably-most-boring-subject-ever-ever.html)

Cynthetiq 11-19-2009 10:46 AM
Probably the most boring subject ever... ever.
 
Fiduciary duty. When does it end?


Quote:
fiduciary
law.com Law Dictionary
1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stockbrokers, title companies or anyone who undertakes to assist someone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above that of a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which the potential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, a stockbroker must consider the best investment for the client and not buy or sell on the basis of what brings him/her the highest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property, the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary. 2) adj. defining a situation or relationship in which a person is acting as a fiduciary for another.

girldetective 11-20-2009 09:56 AM
Fiduciary boring? Could be, but what if you took the definition and applied it not only to law but sociologically, to human relationships in general?
What a rockin world it would be!

Plan9 11-20-2009 10:18 AM
Didn't I post in this thread?

Cynthetiq 11-20-2009 11:33 AM
Quote:
Originally Posted by Plan9 (Post 2730734)
Didn't I post in this thread?
no, you posted in the blog entry.

Plan9 11-20-2009 11:45 AM
Oh, good. I'm losing my mind.

Reese 11-21-2009 03:54 AM
Quote:
Originally Posted by Plan9 (Post 2730774)
Oh, good. I'm losing my mind.
You're not losing your mind. You did reply to the thread, Cyn's just losing his mind and posted the thread twice.


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