Thompson v. Knapp
Massachusetts Supreme Judicial Court
. Bill in equity, filed in the Superior Court on August 8, 1912, praying for an accounting for the alleged trust fund described in the opinion.
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. Bill in equity, filed in the Superior Court on August 8, 1912, praying for an accounting for the alleged trust fund described in the opinion. The case was heard by Hamilton, J., who found the facts that are stated in the opinion and ordered that a decree be entered directing the defendant to pay to the plaintiff a sum of money equal to the interest allowed to the defendant by the Middlesex Safe Deposit and Trust Company upon the deposit by the defendant of $3,000, which had been placed in his hands to secure the payment by the plaintiff of the rent under a ten year lease to bim from the…
1Opinion of the CourtDe Courcy, J.
As security for the execution by him of a ten year lease from the Wamesit Power Company, and for the monthly payment of the rent, the plaintiff on June 6, 1898, deposited $3,000 with the defendant, as trustee; and the defendant in writing accepted the express trust.
The defendant deposited the money in a trust company in his own name as trustee. On June 20, 1908, when he paid to the plaintiff the sum of $2,000 from the fund, interest at the rate of two and one half per cent per annum compounded monthly had been credited to the account in the sum of $826.84. When the further sum of $1,000 was…
2Cases cited3 opinions
- Goodwin v. Massachusetts Loan & Trust Co.Massachusetts Supreme Judicial Court · 1890
- Davis v. National Life InsuranceMassachusetts Supreme Judicial Court · 1905
- Commonwealth v. WhiteMassachusetts Supreme Judicial Court · 1850
3Cited by22 opinions
- McNeil v. Panhandle Lumber Co.Idaho Supreme Court · 1921
- Saddlemire v. American Bridge Co.Supreme Court of Connecticut · 1920
- Nease v. Hughes Stone Co.Supreme Court of Oklahoma · 1925
- Gagnon's CaseSupreme Judicial Court of Maine · 1949
- Knoxville Knitting Mills Co. v. GalyonTennessee Supreme Court · 1923
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