Which of the following statements is true of contracts having fiduciaries?

Multiple Choice

Agreements by fiduciaries that favor the interests of a third person at the expense of their principals' interests are considered legal.

Any agreement that tends to induce a fiduciary to breach his or her fiduciary duties is considered legal.

A fiduciary is a provision in a contract that attempts to relieve one party to the contract from liability for the consequences of his or her own negligence.

A fiduciary can lawfully enter an agreement by fully and fairly disclosing the conflict to his or her principal or beneficiary in advance.