Reviewed case brief

Charitable Corporation v Sutton

(1742) 2 Atk 400

(1742) 2 Atk 400 · Court of Chancery

directorstrusteesfiduciary-dutybreach-of-trusthistorical
Court
Court of Chancery
Year
1742
Subjects
Company Law
Reviewed
2026-08-02

Rule established

Directors are in the nature of trustees for the company; they are liable for breach of trust if they misapply or negligently handle corporate property

Facts

    Issues

      Held

        Ratio decidendi

        How to use it in an exam

        Editorial source

        (1742) 2 Atk 400

        Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.