A term used to describe the situation in which a public official or fiduciary who, contrary to the obligation and absolute duty to act for the benefit of the public or a designated individual, exploits the relationship for personal benefit, typically pecuniary.
In certain relationships, individuals or the general public place their trust and confidence in someone to act in their best interests. When an individual has the responsibility to represent another personhether as administrator, attorney, executor, government official, or trustee clash...
Source: West's Encyclopedia of American Law, ©2005 Gale Cengage. All Rights Reserved. Full copyright.
(The entire page is 253 words.)
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