Speight, Re; Speight V. Gaunt in Europe
Definition of Speight, Re; Speight V. Gaunt
((1883), L. R. 9 App. Cas. 1). A trustee employed a broker of good standing to purchase corporation bonds as an investment of the trust funds, the same being a proper investment. The broker sent in a contract note according to the rules of the Stock Exchange. The trustee paid the purchase-money to the broker to complete the matter, but the broker never obtained the bonds from the parties and shortly afterwards he became insolvent. Held, that the trustee was not bound to make good the loss of the trust fund
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Definition of Speight, Re; Speight V. Gaunt is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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