Towards a Unifying Theory of Fiduciary Relationships : Between Ethics and Law
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- Iwai Katsuhito
- 国際基督教大学 日本学士院 東京大学
Bibliographic Information
- Other Title
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- 信任関係の統一理論に向けて : 倫理と法が重なる領域として
- シンニン カンケイ ノ トウイツ リロン ニ ムケテ : リンリ ト ホウ ガ カサナル リョウイキ ト シテ
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Abstract
This article presents a unified theory of fiduciary relationships on the basis of the fundamental legal axiom that one may not make a contract with oneself. It characterizes fiduciary law as a law that imposes on whoever places oneself as a fiduciary to another the duty of loyalty -- the duty to act solely for the other's interests -- as a legal duty enforced by courts. It then shows how fiduciary law practically solves its apparent mix-up between ethics and law by placing the entire burden of disproof on the accused fiduciary, and justifies its disgorgement remedy by the open-ended nature of the duty of loyalty. The article also argues that the primary role of fiduciary law is not to replace but to complement ethics with law.
Journal
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- 経済研究
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経済研究 67 (2), 107-124, 2016-04-22
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Details 詳細情報について
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- CRID
- 1390009224868524160
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- NII Article ID
- 120006462594
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- NII Book ID
- AN00070761
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- DOI
- 10.15057/27905
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- HANDLE
- 10086/27905
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- NDL BIB ID
- 027298952
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- ISSN
- 00229733
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- Text Lang
- ja
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- Data Source
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- JaLC
- IRDB
- NDL
- CiNii Articles
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- Abstract License Flag
- Allowed