Question

Eli and Marilyn ask Gracie to be the administrator of their will and the guardian of their children if they pass away before their children reach the age of majority. Gracie agrees. Fiduciary relationships such as this one
a. involve a high degree of trust and confidence.
b. are legal only between family members.
c. typically exist only between employees in government agencies.
d. allow the parties to legally avoid their obligations to one another.

Answer 1

Answer:

a. involve a high degree of trust and confidence.

Explanation:

A fiduciary relationship exist when an individual places  responsibilities on the other party, to help him carry out  duties or act for the benefit of the party. It is otherwise called a confidential relationship and it requires special trust, confidence and reliance.