All of the following are examples of fiduciaries EXCEPT:

Study for the California Personal Lines Broker Test. Utilize detailed flashcards and comprehensive multiple choice questions, each with helpful hints and explanations. Propel your preparation for a successful exam outcome!

A fiduciary is someone who is entrusted with the responsibility to act in the best interest of another party, typically in a financial context. Executors, administrators, and corporate directors all have legal obligations to act in the best interests of the estate, the beneficiaries, or the shareholders they represent.

Executors are individuals appointed to carry out the instructions of a will, managing the deceased’s estate with a duty to distribute assets according to the wishes outlined in the will. Administrators perform a similar role when there is no will, ensuring that the estate is settled according to state laws and that beneficiaries receive their due assets. Corporate directors are responsible for making decisions that benefit the company and its shareholders, holding a fiduciary duty to those stakeholders.

In contrast, a vendor provides goods or services and does not typically possess a fiduciary relationship with the recipient of those goods or services. The relationship is primarily transactional and does not inherently involve the duty of care that is characteristic of fiduciaries. Therefore, the correct answer reflects the nature of these roles and their lack of fiduciary responsibilities.

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