New York Watch, Guard, or Patrol Agency (WGP) License Practice Exam

A fiduciary relationship is a relationship of great what?

1. Conflict

2. Confidence or Trust

3. Duty

4. Enmity

The correct answer is: Confidence or Trust

A fiduciary relationship is a relationship in which one party, the fiduciary, is obligated to act in the best interest of another party, the beneficiary. This usually includes a high level of trust and confidence between the parties. Options A, C, and D are incorrect because they do not accurately describe the nature of a fiduciary relationship. In a fiduciary relationship, there is typically no conflict or enmity between the parties, and it is not simply a duty or obligation, but also involves a level of trust and confidence. Therefore, option B, confidence or trust, is the most fitting answer.