A manager entrusted to control property of another and to act on behalf of and for the benefit of that individual

A manager entrusted to control property of another and to act on behalf of and for the benefit of that individual

• A. Fiduciary
• B. Agent
• C. Trustee
• D. Guardian

Answer: (A)

The main idea is a fiduciary relationship: someone who is trusted to manage another person’s property and to act for that person’s benefit. When a manager is entrusted with control of someone else’s property and authorized to act on that person’s behalf, they must place the other person’s interests first, exercise loyalty, and handle the assets with care. That duty to act for someone’s benefit and to manage property on their behalf is exactly what a fiduciary relationship describes. A trustee and a guardian are also fiduciaries, but they refer to specific roles: a trustee holds and administers property for beneficiaries under a trust, and a guardian is appointed to care for a ward. The term that best captures the general relationship described—managing property for another's benefit and acting in their best interest—is fiduciary.

The main idea is a fiduciary relationship: someone who is trusted to manage another person’s property and to act for that person’s benefit. When a manager is entrusted with control of someone else’s property and authorized to act on that person’s behalf, they must place the other person’s interests first, exercise loyalty, and handle the assets with care. That duty to act for someone’s benefit and to manage property on their behalf is exactly what a fiduciary relationship describes.

A trustee and a guardian are also fiduciaries, but they refer to specific roles: a trustee holds and administers property for beneficiaries under a trust, and a guardian is appointed to care for a ward. The term that best captures the general relationship described—managing property for another's benefit and acting in their best interest—is fiduciary.