Stewart Oil Co. v. Bryant

All of us agree in the conclusion that the evidence is sufficient to support the findings of the chancellor to the effect that the purchase of the oil lease by appellees and others, and the placing of the title in the name of Wade, as trustee, was for the purpose of holding the lease for their benefit, that Wade had no authority to transfer the lease without the consent of the beneficiaries, and that his assignment of the lease was wrongful and in violation of the trust.

It is clear that the rights of Clark are not involved in this controversy, and no act or conduct of appellees should be held…