Fiduciary law is an ancient legal device to protect the interests of relatively
powerless persons:
“Courts of equity have carefully refrained from defining the particular instances
of fiduciary relations in such a manner that other and perhaps new cases might
be excluded. It is settled by an overwhelming weight of authority that the
principle extends to every possible case in which a fiduciary relation exists as a
fact, in which there is confidence reposed on one side and the resulting
superiority and influence on the other. The relation and the duties involved in
it need not be legal. It may be moral, social, domestic, or merely personal.”
[Beach v. Wilton, 91 N.E. 492, 495 (Ill. 1910).]