 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1911 - 844 halaman
...good faith. He must exercise in the execution o'f the trust the degree of care and diligence which a man of ordinary prudence would exercise in the management of his own affairs. In respect to the investment of trust funds, in the absence of express directions from the settlor... | |
 | James Barr Ames - 1893 - 548 halaman
...rule the law requires of a trustee no higher degree of diligence in the execution of his office than a man of ordinary prudence would exercise in the management of his own private affairs. Yet he is not allowed the same discretion in investing the moneys of the trust as... | |
 | John M'Laren - 1894 - 814 halaman
...actually in the possesses or uses m the management of his own business, and own ft ffairs. said : " These cases establish that the law in both countries...would exercise in the management of his own affairs." 2 Having regard to the fact that the spouses had approved of the loan, it was held that no order ought... | |
 | Arthur Reginald Rudall, James William Greig - 1894 - 288 halaman
...fee simple. The law requires of a trustee investing the moneys of his trust upon mortgage security the same degree of diligence that a man of ordinary...would exercise in the management of his own. affairs (Learoyd v. Whiteley, 12 App. Ca. 727, 733, and Bae v. Meet, 14 App. Ca. 558, 569, 570). Sub-section... | |
 | Thomas Beven - 1895 - 980 halaman
...said : " I think these cases establish that the law in both countries " (ie, England and Scotland) " requires of a trustee the same degree of diligence...would exercise in the management of his own affairs;" and this test may therefore now be regarded as authoritative. " By accepting a trust," said Lord Hardwicke,... | |
 | Leopold George Gordon Robbins, Frederick Trentham Maw - 1897 - 1006 halaman
...exercise of his discretionary power of investment, a Trustees must trustee is bound not only to employ the same degree of diligence that a man of ordinary...prudence would exercise in the management of his own private affairs, but he must also avoid all investments attended with hazard (p). The rule is thus... | |
 | Great Britain, Arthur Reginald Rudall, James William Greig - 1898 - 416 halaman
...fee simple. The law requires of a trustee investing the moneys of his trust upon mortgage security the same degree of diligence that a man of ordinary...would exercise in the management of his own affairs (Learoyd r. Whiteley, 12 App. Cas. 727, 733, and Rae r. Meek, 14 App. Cas. 558, 569, 570). Sub-section... | |
 | Frederick Pollock - 1898 - 452 halaman
...the Courts will still insist on ' the same degree of care in the execution of a trustee's office as a man of ordinary prudence would exercise in the management of his own affairs V Less than this no judge will venture to think reasonable, without much more precise legislative sanction.... | |
 | Abraham Clark Freeman - 1899 - 1026 halaman
...is not liable for all losses to the trust fund. If he acts in good faith, and exercises such care as a man of ordinary prudence would exercise in the management of his own affairs, he is not liable for losses arising out of the management of the trust fund in a legal manner. In this... | |
 | 1900 - 850 halaman
...is no liability or obligation on the trustee:" Speight v. Gaunt (a). Lord Herschell: — " The law requires of a trustee the same degree of diligence...would exercise in the management of his own affairs:" Rae v. Meek (Z>). To which may be added the dictum of Lord Hardwicke: "By accepting a trust a person... | |
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As a general rule the law requires of a trustee no higher degree of diligence in the execution of his office, than a man of ordinary prudence would exercise in the management of his own private affairs. 
