Question

In: Accounting

What is a fiduciary relationship? What are the differences between an employee and an independent contractor?...

What is a fiduciary relationship?

What are the differences between an employee and an independent contractor?

What is an agency relationship?

List and define the ways an agency can be formed.

What are the agent’s duties to the principal?

What are the principal’s duties to the agent?

List and define the types of authority.

What are the three categories of principals and how do those categories effect liability?

When is an principal liable for the torts of the agent?

What is respondent superior?

What are the factors that the court considers in deciding whether someone is acting in the course and scope of their employment?

What is the difference between a detour and a frolic?

Is a principal responsible for the intentional torts of the agent?

Is a principal responsible for the torts of an independent contractor?

What are some of the provisions included in the Fair Labor standards Act?

What is Family Medical Leave?

What is the Occupational Safety and Health Act?

What is Worker’s Compensation?

What is COBRA?

What are some of the unfair labor practices for an employer? For an employee?

What is a lockout? What is a strike?

(26)When is electronic monitoring allowed in a place of business?

Does HIPAA require employers to provide insurance?

How does the immigration law limit employment?

What are the three categories of torts?

What does the UCC Section 2 cover? What does the UCC Section 2a cover?

What are the differences between contract law and UCC law?

What is a sale? What is a merchant?

What is the difference between goods and services?

What is the predominant rule?

What terms does the UCC allow to be open? What cannot be open?

What is a merchant’s firm offer?

What are a person’s alternatives if they are sent non-conforming goods?

What happens under the UCC if additional terms are included in the acceptance?

What are the requirements for modifications under the UCC?

What is the perfect tender rule?

List and define the exceptions to non-conforming goods being considered a breach.

List the obligations of the Buyer.

List the obligations of the seller.

What is anticipatory repudiation?

List and define the Seller’s remedies.

List and define the Buyer’s remedies.

What is a warranty of title?

List and define the types of implied warranties.

What are warranty disclaimers?

Expert Solution

1) Fiduciary relationship

Fiduciary relationship is a special relationship of trust and confidence in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the party. It is also called confidential relationship.

It may be created by express agreement of the parties, or it may be imposed by law where established by the conduct of the parties.

In this relationship law demands a higher than ordinary degree of care and responsibility from the trusted or dominant party.

For example, Fiduciary relationships exists between an agent and principal, ward and guardian, customer and bank.

Hope the above explanations are clear to you and help you in understanding the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you

Pls ask separate question for remaining parts

ekkarill92 answered 1 year ago

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