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Fiduciary

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FIDUCIARY, a term derived from Roman law and used in those foreign codes which have been chiefly influenced thereby. The idea, but hardly the law, corresponds with the English trustee. (See TRUST.) Many relations give rise to fiduciary obligations, and are even treated as occasioning trust obligations; e.g., parent and child, guardian and ward, principal and agent, etc. (See CHILDREN, PROTECTIVE LAWS; INFANT; PRINCIPAL AND AGENT.) Such obligations exist, however, independently of the true notion of trusteeship and are to be found where this notion is but rudi mentary. They may rather be said, being in relation to property, to arise from quasi-contract, where not statutory.

obligations