Townley V. Sherborne in Europe
Definition of Townley V. Sherborne
((1634), Bridg. Rep. 35). One of several trustees had received certain rents.’ The question was, whether the others were liable for his receipts. Held, (1) That where lands are conveyed to two or more upon trust, and one receives the rents, his co-trustees shall not be liable unless some purchase, fraud, or evil dealing seems to have been in them to prejudice the trust, for they being by law joint-tenants, every one of them may receive either all or as much of the rents as he can come by. (2) That it is no breach of trust to permit one of the trustees to receive the rents, it happening many times that some of the trustees live far from the lands, and it is inconvenient for them all to receive them. (3) That if, however, a trustee, having allowed his co-trustee to receive rents, subsequently leaves in the co-trustee’s hands the money that has been received, he is liable therefor
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Definition of Townley V. Sherborne is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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