 | 1916 - 1108 sider
...Craig is based, and cites a number of other cases upon the subject, and, among other things, eald: "When a trustee contracts as such, unless he is bound,...no principal. The trust estate cannot promise; the mn tract is therefore the personal undertaking of the trustee. As a trustee holds the estate, although... | |
 | 1889 - 1132 sider
...The doctrine is also very clearly stated in Taylor v. Davis, 11U US 335, 4 Sup. Ct. Hep. 147, thus: "When a trustee contracts as such, unless he is bound, no one is bound, for he has no principal. The trust-estate cannot promise. The contract is therefore the personal undertaking of the trustee. As... | |
 | 1896 - 1182 sider
...signing the note is acting for a disclosed principal. An executor or administrator has 110 principal. "When a trustee contracts as such, unless he is bound, no one else Is bound, for he has no principal. The trust estate cannot promise. The contract is therefore... | |
 | Abraham Clark Freeman - 1897 - 1012 sider
...signing the note is acting for a disclosed principal. An executor or administrator has no principal. "When a trustee contracts as such, unless he is bound, no one else is bound, for he has no principal. The trust estate cannot promise. The contract is, therefore,... | |
 | Wisconsin. Supreme Court, Abram Daniel Smith, Philip Loring Spooner, Obadiah Milton Conover, Frederic King Conover, Frederick William Arthur, Frederick C. Seibold - 1902 - 780 sider
...contract he had made, or create a contract between the parties to this suit. The trustee was not an agent. When a trustee contracts as such, unless he is bound no one Gates v. A very, 112 Wis. 271. is bound, for ho has no principal. He holds the estate to manage and... | |
 | 1904 - 1032 sider
...whom some estate. Interest, or power in or affecting property is vested for the benefit of another. When an agent contracts in the name of his principal,...is bound, no one is bound, for he has no principal; and the contract is therefore the personal undertaking of the trustee. He is personally bound by the... | |
 | 1905 - 1080 sider
...whom some estate, Interest, or a power In or affecting property is vested for the benefit of another. When an agent contracts In the name of his principal,...principal contracts, and Is bound, but the agent Is not; but when a trustee contracts as such, unless he Is bound no one is bound, for he has no principal,... | |
 | Eugene Allen Gilmore - 1908 - 832 sider
...the United States in the case of Taylor v. Davis, 110 US 330, 4 Sup. Ct. 147, 28 L. Ed. 163, that, "when a trustee contracts as such, unless he is bound no one is bound, as he has no principal. The trust estate cannot promise, the contract is therefore the personal undertaking... | |
 | Eugene Allen Gilmore - 1908 - 834 sider
...the United States in the case of Taylor v. Davis, 110 US 330, 4 Sup. Ct. 147, 28 L. Ed. 163, that, "when a trustee contracts as such, unless he is bound no one is bound, as he has no principal. The trust estate cannot promise, the contract is therefore the personal undertaking... | |
 | John Harold Sears - 1912 - 424 sider
...the language of Justice Woods,1 we see that he announces, generally, that: "When a trustee contracts, unless he is bound, no one is bound, for he has no principal," and "the trust estate cannot promise." Nevertheless, the learned Justice further says in effect that... | |
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When a trustee contracts as such, unless he is bound, no one is bound, for he has no principal. The trust estate cannot promise; the contract is therefore the personal undertaking of the trustee. 
