Cogbill v. Boyd

Citations

• 79 Va. 1
• 1884 Va. LEXIS 51

Syllabus

<p>1. Practice in Chancery—Masters.—It is well established practice for the court to instruct the master as to the principles upon which accounts should be restated.</p> <p>2. Idem—Restatement of accounts at bar.—Where this court fixes trustee’s liability for an ascertained amount, but remands the case without fixing the rate of interest, it is competent for the court below to fix the rate of interest and restate the accounts at bar, or by the aid of a master commissioner.</p> <p>3. Trustees—Liability—Rate of interest.—-Where trustee invests trust funds at ten per cent., but c. q. t. repudiates the investment, and the same is held to have been improper, and the trustee is held bound for the amount invested, six per cent, is the rate of interest with which he is properly chargeable.</p>