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What is a breach of fiduciary duty?

April 26, 2017breach duty Fiduciary

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What is a breach of fiduciary duty?

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A fiduciary duty refers to the obligation of individuals in certain capacities to treat others equitably and honestly and to act in their best interest. Such a duty is imposed on individuals such as trustees, executors or administrators of an estate, and guardians. A number of different acts can be considered a breach of fiduciary duty, including negligence, fraud, or failure to perform.