BU231 Chapter Notes - Chapter 5: Fiduciary, Intentional Tort, No Liability
Document Summary
Chapter 5: professional liability the legal challenges. An agreement to provide professional services to a client contains a promise, whether stated expressly or not, to perform those services competently. Breach of the promise is breach of contract client can sue for damages. Duty imposed on a person who stands in a special relation of trust and loyalty to another. Can arise even when the professional donates services free of charge when no contract exists. To impose breach of fiduciary duty is establishing that relationship is a fiduciary one (step 1) 3 characteristics of fiduciary relationships: the fiduciary (often a professional) has undertaken to act in the best interests of the beneficiary (often the client, the beneficiary is vulnerable to or at the mercy of the fidu(cid:272)ia(cid:396)(cid:455)"s control/ discretion. Legal/practical interest of the beneficiary could be harmed by the fidu(cid:272)ia(cid:396)(cid:455)"s e(cid:454)e(cid:396)(cid:272)ise of dis(cid:272)(cid:396)etio(cid:374) o(cid:396) (cid:272)o(cid:374)t(cid:396)ol. Dete(cid:396)(cid:373)i(cid:374)e if the p(cid:396)ofessio(cid:374)al"s (cid:271)eha(cid:448)iou(cid:396) (cid:271)(cid:396)ea(cid:272)hes fidu(cid:272)ia(cid:396)(cid:455) o(cid:271)ligatio(cid:374) (step 2: can aries without any negligence.
