Legal Opinion
Chester-Cambridge Bank & Trust Co. v. Rhodes
Supreme Court of Pennsylvania
Decided January 11, 1943No. Appeals, 23 and 24PublishedCited by 34 opinions
1Opinion of the Court
Opinion by
Mr. Justice Allen M. Stearns,
The question decisive of these appeals is whether officers of a corporate fiduciary are individually liable for a technical breach of trust committed by the corporation.
On October 9, 1929, Samuel N. Rhodes, a director of the Media-69th Street Trust Company, and two associates applied to that Company for a purchase money mortgage of $40,000. to be secured upon premises at the corner of Ashby and Copely Roads, in Upper Darby, Delaware County, which they had agreed to buy for $75,000. A committee of three, including Samuel N. Rhodes, appraised the property:…
2Cases cited21 opinions
- Briggs v. SpauldingSupreme Court of the United States · 1891
- Bailey v. JacobsSupreme Court of Pennsylvania · 1936
- Arthur v. . GriswoldNew York Court of Appeals · 1874
- National Cash-Register Co. v. LelandCourt of Appeals for the First Circuit · 1899
- Murray v. . UsherNew York Court of Appeals · 1889
16 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Zubik v. ZubikCourt of Appeals for the Third Circuit · 1967
- Wicks v. Milzoco Builders, Inc.Supreme Court of Pennsylvania · 1983
- Amabile v. Auto Kleen Car WashSuperior Court of Pennsylvania · 1977
- Nedd v. United Mine Workers Of AmericaCourt of Appeals for the Third Circuit · 1977
- Brindley v. Woodland Village Restaurant, Inc.Superior Court of Pennsylvania · 1995
29 more not listed; retrieve them via the Exa API.