What is a duty included in the responsibilities mentioned? A) To disregard the claims made by the claimants. B) To act in one's own self-interest. C) To ensure the owner's bitcoin... What is a duty included in the responsibilities mentioned? A) To disregard the claims made by the claimants. B) To act in one's own self-interest. C) To ensure the owner's bitcoin is transferred safely. D) To act solely for the benefit of the owner.
Understand the Problem
The question is asking about a specific duty or responsibility that is included in a set of responsibilities. It provides four options from which we need to identify the correct one that aligns with the duty referenced in the question.
Answer
To act solely for the benefit of the owner.
The duty included in the responsibilities mentioned is: To act solely for the benefit of the owner.
Answer for screen readers
The duty included in the responsibilities mentioned is: To act solely for the benefit of the owner.
More Information
Fiduciary duty refers to a legal obligation of one party to act in the best interest of another. In financial and legal contexts, this means acting solely for the benefit of the person who has entrusted their assets or interests to another party.
Tips
Individuals may confuse fiduciary duty with self-interest duties, forgetting that fiduciary tasks involve prioritizing another's interest.
Sources
- What Is a Fiduciary Duty? Examples and Types Explained - investopedia.com
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