What does the term 'Fiduciary' relationship as stated in Sec 8 (1) (e) mean?
(Last edited: Wednesday, 18 January 2023, 4:16 PM)
Answer:
In law, fiduciary denotes trust, especially with regard to the relationship between a trustee and a beneficiary. An example is the relationship between banker and depositor. Here the fiduciary has the duty to act in the best interest of other party (beneficiary).
