A Practical And Concise Manual of the Law Relating to Private Trusts And Trustee
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In our eReader you can find the full English version of the book. Read A Practical And Concise Manual of the Law Relating to Private Trusts And Trustee Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Practical And Concise Manual of the Law Relating to Private Trusts And Trustee
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E. 727 ; Waite v. LiUlewood, 41 L. J. C'h. 636.
{y) Cockburn v. Peile, supra, per Turner, L. J. ; and see Montefiore v. Guedalla, W. N. 1868, p. 67 ; Be Ingram, 11 W. E. 980.
z2 340 THE trustees' duties.
manifestly sole benefit of tlie tenant for life, they will not now be held liable for changing a first class security for one which is authorized by the act, and which pays a better interest (z) .
12. Not always justified in investing on mort- gage. — Nevertheless, trustees should not invest on... mortgage where it is not reasonable, merely to accommodate one of their beneficiaries. Still less ought they to do so merely to accommodate an outsider. Thus they would never be justified in lending a sum of stock (and, a fortiori, they would not be justified in selling it and lending the pro- ceeds) on mortgage of real estate bearing interest at the same rate as the stock itself. For no pos- sible benefit could accrue to the beneficiaries ; and on the other hand, the security of the government would be changed for the less reliable security of private property.
What to read after A Practical And Concise Manual of the Law Relating to Private Trusts And Trustee?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Underhill to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
E. 727 ; Waite v. LiUlewood, 41 L. J. C'h. 636.
{y) Cockburn v. Peile, supra, per Turner, L. J. ; and see Montefiore v. Guedalla, W. N. 1868, p. 67 ; Be Ingram, 11 W. E. 980.
z2 340 THE trustees' duties.
manifestly sole benefit of tlie tenant for life, they will not now be held liable for changing a first class security for one which is authorized by the act, and which pays a better interest (z) .
12. Not always justified in investing on mort- gage. — Nevertheless, trustees should not invest on... mortgage where it is not reasonable, merely to accommodate one of their beneficiaries. Still less ought they to do so merely to accommodate an outsider. Thus they would never be justified in lending a sum of stock (and, a fortiori, they would not be justified in selling it and lending the pro- ceeds) on mortgage of real estate bearing interest at the same rate as the stock itself. For no pos- sible benefit could accrue to the beneficiaries ; and on the other hand, the security of the government would be changed for the less reliable security of private property.
What to read after A Practical And Concise Manual of the Law Relating to Private Trusts And Trustee?
You can find similar books in the "Read Also" column, or choose other free books by Arthur Underhill to read onlineMoreLess
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