Example of fiduciary duty

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Which of the following is not an example of a fiduciary duty?

A principal's duty to indemnify their agent.

An agent's duty not to notify the principal of material information.

The duty of principals to train agents to become principals.

The duty imposed by the Employee Retirement Income Security Act (ERISA) on pension fund managers to diversify the plan's investments to minimize the risk of large losses, unless such diversification is clearly imprudent.

An agent's duty not to self-deal.

John is working hard for his employer, Big Corp. He goes on a sales trip for Big, and while on the trip purchases food and lodging, which was impliedly authorized by Big. Which of the following identifies Big's fiduciary duty to pay John?

Duty to reimburse.

Duty to compensate.

Duty to account.

Duty of loyalty.

Duty to indemnify.

Reference no: EM131770340

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