The mayor of a city who bought discounted debentures issued by the city was in the same position as an agent vis-a-vis the city, and was to be treated as holding the debentures on trust for the city.
Citations:
[1858] EngR 365, (1858) 11 Moo PC 463, (1858) 14 ER 770, [1858] UKPC 10
Links:
Jurisdiction:
Canada
Cited by:
Cited – FHR European Ventures Llp and Others v Cedar Capital Partners Llc SC 16-Jul-2014
Approprietary remedy against Fraudulent Agent
The Court was asked whether a bribe or secret commission received by an agent is held by the agent on trust for his principal, or whether the principal merely has a claim for equitable compensation in a sum equal to the value of the bribe or . .
Lists of cited by and citing cases may be incomplete.
Local Government, Equity
Updated: 23 July 2022; Ref: scu.288836