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A breach of fiduciary duty occurs any time someone designated with ?fiduciary? status fails to uphold their expected duties. A fiduciary can be anyone who has entered into a formal relationship with another party, which can include spouses, attorneys, business partners, and other common situations.
These include: Fraud that is committed by a trustee or an executor. Embezzlement that is carried out by an administrator or executor. Negligent or intentional oversight or investment of assets that were held in a trust or by an estate.
A curative instruction is a direction given by a judge to a jury to correct an erroneous instruction. It is intended to fix any mistakes made during the trial and ensure that the jury has the correct information to make their decision.
Breach of the Fiduciary Duty The fiduciary must have failed to fulfill their obligations or duties as required by the relationship. This breach can be due to acts of dishonesty, self-dealing, conflicts of interest, negligence, or other violations of the fiduciary duty.
The fiduciary will typically be removed from his role of trust. If financial loss occurred because of the fiduciary's breach of duty, it is possible that the fiduciary will be held accountable for those losses and money will be awarded to those who were damaged which the fiduciary would have to pay.
Typically, a claim for breach of fiduciary duty includes four elements: 1) the existence of a fiduciary duty; 2) a breach of that duty (through an act or omission); 3) damages; and 4) causation.
General Contract Questions The basic format in the Texas Pattern Jury Charges to submit a breach of contract is to ask, as needed, whether the parties had an agreement and whether one or both of the parties failed to comply with the agreement. See PJC 101.1 and 101.2.