Brice V. Stokes in Europe
Definition of Brice V. Stokes
((1805), 11 Ves. 319). The question in this case vvab whether a trustee should be charged with certain purchase-money, which, though lie had joined in the receipt for conformity, had been received by his co-trustee. Held, that he was liable to be charged, the sale being unnecessary, and he permitting his co-trustee to keep and deal with the money contrary to the trust ; but that he should not be charged in respect of the interest of one of tho cestui que trust who had notice of the breach of trust and acquiesced therein. (Now, by section 30, sub-section 1, Trustee Act, 1925, a trustee shall be chargeable only for money and securities actually received by him, notwithstanding his signing any receipt for the sake of conformity.)
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Definition of Brice V. Stokes is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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