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Learoyd v Whiteley : ウィキペディア英語版
Learoyd v Whiteley

''Learoyd v Whiteley'' () (UKHL 1 ) is an English trusts law case, concerning the duty of care owed by a trustee when exercising the power of investment.
==Facts==
Elizabeth Whiteley and her children sued the executors of Benjamin Whiteley's will (of 19 March 1874). The will contained a power to invest the fund on certain investments, including “real securities in England or Wales.” £5000 of the trust money had been lost. £3000 was invested in a mortgage at 5% return in the freehold of a ten-acre brick field near Pontefract, “with the engine-house, sheds, brick and pipe kilns, and buildings thereon, and all fixtures and fittings thereon.” £2000 was invested on mortgages at 5% in four small freehold houses, including a shop, in Salford, Greater Manchester. The brickfield owners went bankrupt in October 1884 and the owner of the four houses filed for petition for liquidation. There was insufficient money to pay the trust fund.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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