Hobson v. Whitlow

Citations

• 80 Va. 784
• 1885 Va. LEXIS 113

Syllabus

<p>1. Trusts — Possessors of trust property — Liability.—Trusts are enforced not only against regularly appointed trustees, but also against all persons who come into possession of trust property with notice of the trust.</p> <p>2. Idem — Purchasers with notice — Liability.—Purchasers or grantees of trust property with notice of the trust, though they have paid the entire consideration, themselves become trustees, and liable to the cestuis que trust for the fulfillment of the trust.</p> <p>3. Idem — Grants on condition — Liability of grantees — Sub-grantees with notice. — Where land is conveyed to A. in consideration that he pay a certain debt, and A. does not execute the deed, but accepts it, and takes possession and holds the land,£A is personally liable for the debt, and the landjin his hands is (also} liable. Vanmeter v. Vanmeters, 3 Gratt. 142. And if A. convey the land to B., who has notice of the consideration,¡B. too, is personally liable for the debt, and the!land in his hands(Is\\alsg liable.</p>