Agency
An Alaska agent who receives a deposit that belongs to the client is acting in a(n):
AFiduciary capacity✓ Correct
BIndependent contractor capacity
CCustodial capacity only, with no legal obligations
DMinisterial capacity
Explanation
When an agent receives and holds funds (such as an earnest money deposit) that belong to the client, the agent is acting in a fiduciary capacity. The agent owes the highest duty of care in handling these funds — they must be deposited promptly in the proper trust account and not commingled.
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