Morse v. Richmond

In March, 1873, the appellant Morse was jointly interested with Andrew B. Jackson in suburban real estate, acquired for the purpose of laying the same out into lots, improving and selling. The manner of carrying the enterprise into effect was the placing of the legal title in Jackson, as trustee, under an express trust by deed, to which Morse with others was a party, giving Jackson as such trustee the entire management and control under the following powers and duties:

“To subdivide, lay out and plat said premises, or any part thereof, into lots and blocks, and to expend whatever money he…