And consequently they do stand with regard to that corporation when formed, in what is commonly called a fiduciary relation to some extent.
2.
In " Murad v Al Saraj " the Murad sisters entered a joint venture ( creating a fiduciary relation, like for trustees ) with Mr Al Saraj to buy a hotel.
3.
When a court desires to hold the offending party to a transaction responsible so as to prevent unjust enrichment, the judge can declare that a fiduciary relation exists between the parties, as though the offender were in fact a trustee for the partner.
4.
I think that the extent of that fiduciary relation, which, as already said, in my opinion, the promoters bear to the company, is a very important consideration in construing that section; and I am desirous to avoid prejudging that question by saying in this case more than is necessary for its decision.
परिभाषा
the legal relation that exists when one person justifiably places reliance on another whose aid or protection is sought in some matter
मोबाइल