Weekly Learning Objective: Learner will review the elements of the relationship between agent principal.

Using the Blog Rubric listed below for the specific grading criteria, complete the following:

It is often said the concept of "fiduciary" is at the heart of agency law. Research and define what it means to be a "fiduciary" or to possess a
"fiduciary duty." Identify and describe the five duties an agent is said to owe his principal. Give an example where you have seen or
experienced the concept of a fiduciary relationship in your own personal or business lives. Have you have been involved in a situation where
you felt a fiduciary duty had been breached? Were you correct, and if so, why?

1. Use the same blog you created in Week 3.
2. Post a new blog entry that addresses the information above.
3. In the Blackboard Discussion Boards>Week 5: Blog #2, create a thread titled with your first and last name, and post the link to your blog by Day 3.
4. Select a blog of one of your peers to review. Post your response to the Discussion Board thread (not the actual blog) by Day 7.

Support your thoughts using a minimum of two academic, peer-reviewed sources (outside the textbook). Websites such as Wikipedia,
LegalZoom, LegalMatch, Nolo, etc. do NOT count as academic sources. A good place to start is the Davenport University Library. Substantial blog
entries should contain at least 1200 words.

Answer preview

People, especially those in the business world, cannot undertake all activities. As such, they have to seek the help of others to help them ran their businesses. This relationship gets referred to as a principal-agent relationship (Rasmusen, 2011). In this arrangement, the business owner is the principal, while the person asked to help run the business is the owner’s agent. The principal and an agent usually enjoy a form of a fiduciary relationship, where the agent has set out duties they have to perform…

(1200 words)