bartlett v barclays bank trust co ltdの例文
- This meant a trustee who invested ?000 in mortgages of a brick field and four houses with a shop, and lost the lot when the businesses went insolvent, was liable for the losses on the brick field, whose value must have known to be bound to depreciate as bricks were taken out . " Bartlett v Barclays Bank Trust Co Ltd " suggests investments must be actively monitored, particularly by professional trustees.
- Even if the immediate cause of the loss is the dishonesty or failure of a third party, the trustee is liable to make good that loss to the trust estate if, but for the breach, such loss would not have occurred : see Underhill and Hayton, " Law of Trusts and Trustees " 14th ed . ( 1987 ) pp . 734-736; " In re Dawson " decd .; " Union Fidelity Trustee Co Ltd v Perpetual Trustee Co Ltd " [ 1966 ] 2 NSWR 211; " Bartlett v Barclays Bank Trust Co Ltd " ( Nos . 1 and 2 ) [ 1980 ] Ch . 515.
