Sentences with phrase «hoc fiduciary relationship»

There is a tripartite test to be used to establish an ad hoc fiduciary relationship.

Not exact matches

The plaintiff was not in fact in a power - dependency relationship with the defendant; not all power - dependency relationships are fiduciary in nature, and an ad hoc obligation does not arise in the absence of an undertaking, express or implied, by the fiduciary; and the absence of the power in the defendant to affect the interests of the plaintiff negates the existence of any fiduciary obligation.