2005-09-08 06:47:58banker

fiduciary duty

angency, partnership, trustee ,lawyer


1 loyalty --- no self-dealing -- (remedy) beneficiary may recover any benefit from fiduciary .... may affirm or set asside the transaction

2 segregation --- no commingling -- (remedy) fiduciary is liable for resulting loss... any increase in value is belongs to trustor

3 keep property productive --- reasonable care -- (remedy) fudiciary is liable for any losses resulting from breach ... any increases is belong to trustor