With no explanation, chose the best option from "A", "B", "C" or "D". excepted from discharge any debts "created by ... fraud, embezzlement, misappropriation, or defalcation while acting as an officer, or in any fiduciary capacity.” Ch. 541, § 17, 30 Stat. 544, 550-51 (repealed 1978). 3 . See also In re Barton, 465 F.Supp. 918, 923 (S.D.N.Y.1979) ("The cases under section 17(a)(4) [of the Bankruptcy Act of 1898] regarding attorneys as fiduciaries are united in their prohibition of attorney conduct that affects funds or other property [entrusted to the attorney, under a retained claim of equitable title by the client.”); In re Schulman, 196 B.R. 688, 698 (Bankr.S.D.N.Y.1996) (noting that debtor-attorney’s conversion of client’s money is fiduciary fraud (citing In re Kane, 48 F.2d 96 (2d Cir.1931))); In re McDowell, 162 B.R. 136, 139 (Bankr.N.D.Ohio 1993) (<HOLDING>); Kwiat v. Doucette, 81 B.R. 184, 188-89

A: holding a duty of care without more insufficient to satisfy the fiduciary relationship element of  523a4 the federal courts adopting this narrow interpretation of fiduciary for purposes of the bankruptcy code gen erally hold that an express or technical trust is necessary to trigger the defalcation provision of  523a4
B: holding that an attorney is a fiduciary under section 523a4
C: holding that a statutorilyimposed fiduciary obligation created an express trust fiduciary relationship for purposes of  523a4
D: holding general fiduciary duties of confidence trust loyalty and good faith insufficient to establish the necessary fiduciary relationship for purposes of  523a4
B.