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The fiduciary relations means the relationship of
trust and confidence
master and servant
none of the above
both (a) and (b)
- Option 1: Trust and Confidence
- Fiduciary relationships are those where one party places trust and confidence in another.
- Examples include relationships like trustee-beneficiary or attorney-client.
- Option 2: Master and Servant
- This refers to employment or hierarchical relationships rather than fiduciary ones.
- It involves control and duty but not necessarily trust in the fiduciary sense.
- Option 3: None of the Above
- This would imply that neither of the options is correct, which is not the case.
- Option 4: Both (a) and (b)
- This suggests that fiduciary relationships include both trust and master-servant dynamics, which is inaccurate.
Correct Answer: Option 1 - Trust and Confidence
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