By whom is a “fiduciary duty” owed?
A - An employee to a fellow employee who might be harmed by their actions
B – Any employee who has signed a contract of employment to their employer
C – Anyone whose work involves paying or receiving money
D – Someone who occupies a position of trust in relation to another and acts on their behalf
D: A fiduciary is a person who occupies a position of trust and is required to act for the latter’s benefit.
A: Earned premium only B: All banked funds plus any payments received awaiting banking
Generally, which of these ultimately pays the insurance premium on a commercial property owners policy?
A: The owner B: The tenant C: The managing agent D: The owner and the managing agent
According to Department for Transport figures, what percentage of young drivers can expect to have an accident within 12 months of passing their driving test?
B: DfT figures suggest there are around 1,700 road deaths per annum, with drivers aged 17-25 accounting for only 12% of drivers but 25% of road deaths.