Assume these facts instead: the friend was hired to locate investors. Instead, he offered to loan the money to Stella and Molly if they could wait one year until he had access to his trust fund. In reality, he was just trying to stall them while he took their idea. Would this change the result with respect to the existence of a fiduciary relationship?
Answer to relevant QuestionsWhat are alternatives, other than carrying large sums of cash, to avoid a bank hold on Kyra’s money? How does a partnership differ from a corporation? Could Leeza avoid the obligation to generate and sell new documents at the price set by Cain on the basis that she had previously told Cain not to take orders for documents not in inventory? When is respondeat superior applicable? When is it inapplicable? Explain the difference between actus reus and mens rea.
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