Question 11 1 pts A recent article in the Lawyers Dia-Blog began: "Step aside, wrongful dismissal: the law of fiduciary duties is where you'll find the hottest legal action these days!" Which of the following is false with regard to the meaning of "fiduciary duty"? Fiduciary law is based on the principle of acting with utmost good faith. In some fields, fiduciary duties are imposed both by the common law and by statute. An agent must place the interests of his principal above all except the law. Fiduciary law governs situations in which one party places trust and confidence in another who consents to act in accordance with that trust. The principal owes the agent a fiduciary duty just as the agent owes it to his principal