Fiduciary Duties - Breach of Fiduciary Duty - The No-Profit Rule
5 important questions on Fiduciary Duties - Breach of Fiduciary Duty - The No-Profit Rule
Exception for Professional Trustees
Thompson's Trustee in Bankruptcy v Heaton [1974]
Sugden v Crossland (1856)
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Regal (Hastings) Ltd v Gulliver [1967]
Reading v Attorney-General [1951]
Held: His action failed because he had been acting in breach of his fiduciary duty and so he would have been liable to account for the bribes to the Crown.
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