TITLE

Bank in breach of trust-judge

PUB. DATE
October 1979
SOURCE
Accountancy;Oct79, Vol. 90 Issue 1034, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Barclays Bank Trust Co. was criticized in the High Court in Great Britain for allowing an investment fund of which it was trustee to embark on a speculative and hazardous policy of property development. The judge ruled that the bank had acted honestly, but not reasonably.
ACCESSION #
6050685

 

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