Richards v. Seal

Citations

• 2 Del. Ch. 266

Syllabus

<p>Mere negligence of a trustee, as well as his active default, may be a breach of trust.</p> <p>Ignorance of the act or default of a co-trustee is no excuse, if that ignorance results from neglect.</p> <p>An investment of a trust fund having been made by trustees, one of them without the knowledge of his co-trustee, collected the fund and held it until his death without re-investment. Held, that the co-trustee, who had given no attention to the fund after its original investment, was ■ liable.</p>