Which of the following will stand under fiduciary relationship as per Indian Contract Act, 1872?a)Father and Sonb)Advocate and Clientc)Doctor and Patientd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?

Question

Answer

The Indian Contract Act, 1872 defines what we mean by “Agreement”. In its section 2 (e), the Act defines the term agreement as “every promise and every set of promises, forming the consideration for each other”.

Answer

Because there is a undue influence and there exist a relation of truth and confidence between the parties

Answer

Explanation:
1. Fiduciary Relationship under Indian Contract Act, 1872:
Under the Indian Contract Act, 1872, a fiduciary relationship is a relationship of trust and confidence between two parties where one party is in a position of authority or has a duty to act in the best interests of the other party.
2. Examples of Fiduciary Relationships:
- Father and Son: A father is considered to be in a fiduciary relationship with his son as he is responsible for the well-being and care of his child.
- Advocate and Client: An advocate is in a fiduciary relationship with their client as they are entrusted with confidential information and are expected to act in the best interests of their client.
- Doctor and Patient: A doctor is in a fiduciary relationship with their patient as they are entrusted with the patient's health and well-being.
3. Criteria for Fiduciary Relationship:
- The relationship must be based on trust and confidence.
- One party must have a duty to act in the best interests of the other party.
- There must be a relationship of authority or responsibility between the parties.
4. Why all the options stand under fiduciary relationship?
- Father and Son: The father is responsible for the care and well-being of his son, creating a relationship of trust and authority.
- Advocate and Client: The advocate is entrusted with confidential information and has a duty to act in the best interests of the client.
- Doctor and Patient: The doctor is responsible for the health and well-being of the patient, creating a fiduciary relationship based on trust.
5. Conclusion:
All the options mentioned in the question - Father and Son, Advocate and Client, and Doctor and Patient - stand under fiduciary relationships as per the Indian Contract Act, 1872, due to the trust, authority, and duty involved in these relationships.

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