Wann v. Scullin
Supreme Court of Missouri
Appeal from St. Louis City Circuit Court. — Ron, Horatio D. Wood, Judge. (1) An agent who possesses an interest in conflict with the interest of his principal cannot act for his principal without disclosing to the principal such adverse interest. 1 Clark & Skyles, Agency (1905), sec. 406, p. 910; Mechem on Agency, secs. 66, 67, p. 48; Cook v. Berlin, etc., Co., 43 Wis. 448. (2) An agent owes the duty to act towards his principal in the most perfect good faith and loyalty to…
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Appeal from St. Louis City Circuit Court. — Ron, Horatio D. Wood, Judge. (1) An agent who possesses an interest in conflict with the interest of his principal cannot act for his principal without disclosing to the principal such adverse interest. 1 Clark & Skyles, Agency (1905), sec. 406, p. 910; Mechem on Agency, secs. 66, 67, p. 48; Cook v. Berlin, etc., Co., 43 Wis. 448. (2) An agent owes the duty to act towards his principal in the most perfect good faith and loyalty to his principal’s interest. Labinski v. Holst, 84 N. T. Supp. 991; Snell v. Good-lander, 90 Minn. 534; Fnlton v. Walters,…
1Opinion of the Court
GANTT, J. —
This action was commenced in the circuit court for the city of St. Louis on May 15, 1902, and contained but one count, charging the defendants with having converted to their use fifty shares of stock in' the Wiggins Ferry Company, which belonged to the plaintiff. Thereafter on December 1, 1902, plaintiff *437filed an amended petition in one count against each. The defendants filed a motion to strike out certain portions thereof as irrelevant and redundant, which motion was sustained by the court. On June 2, 1903, plaintiff filed her second amended petition containing three counts, the…
2Cases cited14 opinions
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- Sterling v. SmithCalifornia Supreme Court · 1893
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- Sebree v. RosenSupreme Court of Missouri · 1961
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- Loud v. St. Louis Union Trust Co.Supreme Court of Missouri · 1926
- Chenery Corporation v. Securities and Exchange Com'nCourt of Appeals for the D.C. Circuit · 1942
- St. Louis U. Tr. Co. v. MERRILL LYNCH, PIERCE, ETC.District Court, E.D. Missouri · 1976
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