- Types:
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fiduciary relation
the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
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bank-depositor relation
the responsibility of a bank to act in the best interests of the depositors
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confidential adviser-advisee relation
the responsibility of a confidential adviser to act in the best interest of the advisee
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conservator-ward relation
the responsibility of a conservator to act in the best interests of the ward
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director-stockholder relation
the responsibility of corporate directors to act in the best interests of stockholders
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executor-heir relation
the responsibility of an executor (or administrator) of an estate to act in the best interests of the heir
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attorney-client relation, lawyer-client relation
the responsibility of a lawyer to act in the best interests of the client
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partner relation
the responsibility of partners to act in one another's best interests
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receiver-creditor relation
the responsibility of receiver or trustee in bankruptcy to act in the best interests of the creditor
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trustee-beneficiary relation
the responsibility of a trustee to act in the best interests of the beneficiary