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" When an agent contracts in the name of his principal, the principal contracts and is bound, but the agent is not. When a trustee contracts as such, unless he is bound, no one is bound, for he has no principal. The trust estate cannot promise; the contract... "
Judicial and Statutory Definitions of Words and Phrases - Σελίδα 270
1904 - 7839 σελίδες
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Reports of Cases Decided in the Court of Chancery of the State of ..., Τόμος 72

New Jersey. Court of Chancery - 1909
...introduction to his work on Trustees (at p. 1), defines a trustee as, in the widest meaning of the term, "A person in whom some estate, interest or power in or affecting property of any description is vested for the benefit of another." And he says that that definition also extends...

Reports of Cases in Law and Equity in the Supreme Court of the ..., Τόμος 9

Oliver Lorenzo Barbour, New York (State). Supreme Court - 1852
...such persons, in the same manner as it would be exercised over any other trustees. Now a trustee is a " person in whom some estate, interest or power, in or affecting property of any description is vested for the benefit of another." (Hill on Trustees, 41.) In The People v....

Crown Cases Reserved for Consideration, and Decided by the Judges of England ...

E. Chandos Leigh, Lewis William Cave - 1866 - 672 σελίδες
...Trustees (c) it is said that, " a trustee, in the widest meaning of the term, may be defined to be, a person, in whom some estate, interest or power in or affecting property of any description is vested for the benefit (a) 8 Bing. 394. c. 54, s. 1, by the 24 & 25 Viet. (b)...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 1

Montana. Supreme Court, Henry Nichols Blake - 1873
...held them for the benefit of others. His position was analogous to that of a receiver. " A trustee is a person in whom some estate, interest, or power in or affecting property of any description is vested for the benefit of another." Hill. on Trust. 65. Lomme had, perhaps, no...

A Treatise on the Law of Trusts and Trustees, Τόμος 1

Jairus Ware Perry - 1882
...public and private corporations, all exercise a kind of trust. Indeed, one definition of a trustee is " a person in whom some estate, interest, or power in or affecting property of any description is vested for the benefit of anothep." This definition embraces all the trusts and...

Supreme Court Reporter, Τόμος 4

United States. Supreme Court - 1884
...An agent represents and * acts for his*principal, who may be either a natural or artificial person. A trustee may be defined generally as a person in...is bound, no one is bound, for he has no principal. The trust estate cannot promise; the contract is therefore the personal undertaking of the trustee....

United States Reports: Cases Adjudged in the Supreme Court at ..., Τόμος 110

United States. Supreme Court - 1884
...acts for ." Opinion of the Court. his principal, who may be either a natural or artificial person. A trustee may be defined generally as a person in...interest, or power in or affecting property is vested for thejbenefit of another. When an agent contracts in the name of his principal, the principal contracts...

Atlantic Reporter, Τόμος 95

1916
...Craig is based, and cites a number of other cases upon the subject, and, among other things, eald: "When a trustee contracts as such, unless he is bound, no one is bound, for he has no principal. The trust estate cannot promise; the mn tract is therefore the personal undertaking of the trustee....

The Atlantic Reporter, Τόμος 17

1889
...The doctrine is also very clearly stated in Taylor v. Davis, 11U US 335, 4 Sup. Ct. Hep. 147, thus: "When a trustee contracts as such, unless he is bound, no one is bound, for he has no principal. The trust-estate cannot promise. The contract is therefore the personal undertaking of the trustee....

The Atlantic Reporter, Τόμος 66

1907
...Introduction to his work on Trustees (page 1), defines a "trusteee" as, in the widest meaning of the term, "a person In whom some estate, interest, or power in or affecting property of any description is vested for the benefit of another." And he says that that definition also extends...




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