 | New Jersey. Court of Chancery - 1909 - 1076 σελίδες
...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... | |
 | Oliver Lorenzo Barbour, New York (State). Supreme Court - 1852 - 740 σελίδες
...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.... | |
 | E. Chandos Leigh, Lewis William Cave - 1866 - 696 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)... | |
 | Jairus Ware Perry - 1882 - 744 σελίδες
...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... | |
 | United States. Supreme Court - 1884 - 732 σελίδες
...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. Supreme Court - 1884 - 828 σελίδες
...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... | |
 | 1916 - 1108 σελίδες
...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.... | |
 | 1889 - 1132 σελίδες
...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.... | |
 | 1907 - 1166 σελίδες
...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... | |
| |
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... 
