Summary

Portrait of Harlan F. Stone Harlan F. Stone United States v. Dunn (268 U.S. 121…

It was held that the first grantee was a trustee of the property ex maleficio, that the bill might be retained against the first grantee and that the plaintiff might, in equity, secure a money judgment for the value of the land, not as damages, but as a substitute for the land it self, and that, under the frame of the bill and prayer, the court had power to render any judgment consistent with the facts alleged and proved; a principle of decision which we think is exactly applicable to the present case.
Source: Wikisource

Portrait of Harlan F. Stone Harlan F. Stone United States v. Dunn (268 U.S. 121…

The grant of the lease by Thomas, the guardian, to Dunn and Gillam, with a secret agreement that the guardian should be jointly interested in the lease with Dunn and Gillam, was a fraud upon the ward, rendering the whole transaction voidable at the option of the ward or those legally representing her. It is not necessary in such a situation, in order to establish the right to relief to show that the beneficiary was damaged by the fraudulent conduct of the trustee. It is sufficient to establish that the fiduciary has exercised his power of disposition for his own benefit without more.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature