Morley v Morley

Morley v Morley (1678) 22 ER 817 is an English trusts law case, concerning the duty of care owed by a trustee.

Facts

A trust fund was the victim of a robbery, and £40 of gold was taken.

Lord Nottingham LC held that a trustee could not be liable if £40 of the trust fund's gold was robbed, so long as he otherwise performed his duties.

Fiduciary care sources

Trustee Act 2000 ss 1-8 and Sch 1

Trustee Investments Act 1961 s 1 and Sch 1

Trustee Act 2000 ss 3 and 36-38

The Charitable Corporation v Sutton (1742) 26 ER 642

Speight v Gaunt [1883] UKHL 1

Learoyd v Whiteley [1887] UKHL 1

Re Chapman [1896] 2 Ch 763

Nestlé v National Westminster Bank plc [1992] EWCA Civ 12

In re Lucking's Will Trusts [1968] 1 WLR 866

Bartlett v Barclays Bank Trust Co Ltd [1980] 1 Ch 515

see Fiduciary duty and English trusts law

This article is issued from Wikipedia - version of the 12/5/2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.