What constitutes a fiduciary duty?
Alberta, Canada
The following excerpt is from Canadian Imperial Bank of Commerce v. 3L Trucking Ltd., 1995 CanLII 9226 (AB QB):
The notion of a fiduciary duty arises as a species of a more generalized duty by which the law seeks to protect vulnerable people in transactions with others. This generalized duty unites related causes of action such as breach of fiduciary duty, undue influence, unconscionability and negligent misrepresentation: Hodgkinson v. Simms, supra, at p. 405.
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