asked 228k views
5 votes
Section​ 1(1) of the Restatement​ (Second) of Agency defines agency as​ a(n) _____ relationship ​"which results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control.​"

1 Answer

2 votes

Answer:

Fiduciary

Step-by-step explanation:

Fiduciary is a person or organization which acts on behalf of another person to manage assets. The fiduciary must act in others' best interests. A fiduciary is responsible for both general well being and the finances of their clients. Financial advisers, Money managers, Bankers and Accountants, they all have fiduciary responsibilities.

answered
User Tim Harrison
by
7.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.