Which of the following statements is true of contracts having fiduciaries?
A. A fiduciary is a provision in a contract that attempts to relieve one party to the contract from liability for the consequences of his or her own negligence.
B. A fiduciary can lawfully enter an agreement by fully and fairly disclosing the conflict to his or her principal or beneficiary in advance.
C. Any agreement that tends to induce a fiduciary to breach his or her fiduciary duties is considered legal.
D. Agreements by fiduciaries that favor the interests of a third person at the expense of their principals' interests are considered legal.
Answer: B
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