jargon buster
Banned
- Joined
- Dec 9, 2009
- Messages
- 4,773
Rob, the last time you talked about 110 acres you said you bought it for yourself.
You are geting mixed up in your own lies now thinking this 110 acres are part of your freeman valley commune.
really you dont know if you are coming or going anymore
So you claim to be the administrator of a blind trust and as such you cannot lawfully be a benificary of that trust.
You are geting mixed up in your own lies now thinking this 110 acres are part of your freeman valley commune.
really you dont know if you are coming or going anymore
So you claim to be the administrator of a blind trust and as such you cannot lawfully be a benificary of that trust.
Accountability
A fiduciary will be liable to account if proven to have acquired a profit, benefit or gain from the relationship by one of three means:[2]
In circumstances of conflict of duty and interest
In circumstances of conflict of duty to one person and duty to another person
By taking advantage of the fiduciary position.
Therefore, it is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where his fiduciary duty conflicts with another fiduciary duty, and not to profit from his fiduciary position without express knowledge and consent. A fiduciary cannot have a conflict of interest.
