Commentaries On the Law of Trusts And Trustees, As Administered in England And in the United States of America
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In our eReader you can find the full English version of the book. Read Commentaries On the Law of Trusts And Trustees, As Administered in England And in the United States of America 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 Commentaries On the Law of Trusts And Trustees, As Administered in England And in the United States of America
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To quickly assess the difficulty of the text, read a short excerpt:
Y.
Supl. 114; affirmed 136 N. Y. 639.
A double responsibility rests upon a trustee in dealing with one whom he knows to be also a trustee, as any dealings between them in wrong of the latter's trust affects both with an equitable responsi- bility. Heath v. Webster, 40 Mich.
457. One trustee is not exempted from liability by the fact that the duties of the trustees have been ex- clusively performed by his co- trustee with his concurrence and consent. He is accountable for the management of the c...o-trustee, to whom he has thought proper to delegate his power, to the same extent as if they had been executed by himself. Macubbin v. Crom- well, 7 Gill & J. 157. The trustee who receives any of the proceeds of a transaction must personally see to their application. He may not turn them over to his co-trus- tee for investment or distribution and in that way escape responsi- bility. Fox V. Tay, 89 Cal. 339; s. c, 23 Am. St. Eep. 474. Where trustees divide the amount of the trust fund between them they are both responsible for the whole amount, and not each for the amount received by him only.
What to read after Commentaries On the Law of Trusts And Trustees, As Administered in England And in the United States of America?
You can find similar books in the "Read Also" column, or choose other free books by Charles Fisk Beach to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Y.
Supl. 114; affirmed 136 N. Y. 639.
A double responsibility rests upon a trustee in dealing with one whom he knows to be also a trustee, as any dealings between them in wrong of the latter's trust affects both with an equitable responsi- bility. Heath v. Webster, 40 Mich.
457. One trustee is not exempted from liability by the fact that the duties of the trustees have been ex- clusively performed by his co- trustee with his concurrence and consent. He is accountable for the management of the c...o-trustee, to whom he has thought proper to delegate his power, to the same extent as if they had been executed by himself. Macubbin v. Crom- well, 7 Gill & J. 157. The trustee who receives any of the proceeds of a transaction must personally see to their application. He may not turn them over to his co-trus- tee for investment or distribution and in that way escape responsi- bility. Fox V. Tay, 89 Cal. 339; s. c, 23 Am. St. Eep. 474. Where trustees divide the amount of the trust fund between them they are both responsible for the whole amount, and not each for the amount received by him only.
What to read after Commentaries On the Law of Trusts And Trustees, As Administered in England And in the United States of America?
You can find similar books in the "Read Also" column, or choose other free books by Charles Fisk Beach to read onlineMoreLess
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