Fox V. Mackreth in Europe

Definition of Fox V. Mackreth

((1788), 2 Cox, 320). The defendant, Mackreth, being a trustee for the plaintiff, Fox, of certain property, agreed to buy such property of him for a sum of 39,500, and such agreement was duly carried out by conveyances being subsequently executed. Mackreth immediately afterwards sold the property to Page for 50,500, and the plaintiff, discovering this, filed his bill to have advantage of it. Held, that Mackreth having purchased the estate from hie cestui que trust while the relation of trustee and cestui que trust continued to subsist, between them, and without having communicated to the cestui que trust the value of the estate acquired by him as trustee, he must be declared a constructive trustee for Fox as to the sum produced by the sale to Page

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Definition of Fox V. Mackreth is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.

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