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" They can only be regarded as mandataries, — persons who have gratuitously undertaken to perform certain duties, and who are therefore bound to apply ordinary skill and diligence, but no more. "
Reports of Cases Decided in the Court of Chancery of the State of New Jersey - Page 431
by New Jersey. Court of Chancery - 1902
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The Albany Law Journal: A Monthly Record of the Law and the Lawyers, Volume 22

Law - 1880
...Peun. St. 11, Judge Sharswood said : "They (directors) can only be regarded as mandataries — persona who have gratuitously undertaken to perform certain...apply ordinary skill and diligence, but no more." In Hodges v. New England Screw Co., 1 RI 312, Jenoks, J., said: "The sole question is whether the directors...
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The Northwestern Reporter, Volume 94

Law reports, digests, etc - 1903
...we term an agent or any bailee intrusted with the care and management of the property of another. It is certain that they are not technical trustees. They can only be regarded as mandataries," etc. Spiering's App., 71 Pa. 11, 10 Am. Rep. OS4. The Tennessee court speaks of the matter thus: "Directors...
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Howard's Practice Reports in the Supreme Court and Court of ..., Volume 59

Nathan Howard (Jr.), Rowland M. Stover, New York (State). Supreme Court - Civil procedure - 1880
...of fraud itself." In Spering's Appeal (71 Penn. St., 11), judge SHARSWOOD said : " They (directors) can only be regarded as mandataries, persons who have...apply ordinary skill and diligence, but no more." In Hodges agt. New England Screw Co. (1 RI, 312), JENCKES, J., said : " The sole question is whether...
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The Albany Law Journal: A Monthly Record of the Law and the Lawyers, Volume 22

Law - 1880
...short of fraud itself." In Speriny's Appeal, 71 Penu. St. 11, Judge Sharswood said : "They (directors) can only be regarded as mandataries — persons who...undertaken to perform certain duties, and who are therefore bouud to apply ordinary skill and diligence, but no more." lu llodyes v. New England Screw Co., 1 BI...
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Weekly Notes of Cases Argued and Determined in the Supreme Court ..., Volume 10

Law reports, digests, etc - 1881
...we term an agent or any bailee intrusted with the care and management of the property of another. It is certain that they are not technical trustees. They can only be regarded as mandatories, persons who have gratuitously undertaken to perform certain duties, and who are bound...
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A Treatise on Equity Jurisprudence: As Administered in the United ..., Volume 2

John Norton Pomeroy - Equitable remedies - 1882
...thereby occasioned." In i.'penurj's Appeal, 71 l'a. St. 11, Judge Sharswood said: 'They [the directors] can only be regarded as mandataries — persons who...apply ordinary skill and diligence, but no more;' and added, that the directors ' are not liable lor mistakes of judgment, even though they may be so...
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The American Reports: Containing All Decisions of General ..., Volume 37

Isaac Grant Thompson - Law reports, digests, etc - 1882
...Spering's Appeal, 71 Penn. St. 11; 8. c., 10 Am. Rep. 684, Judge SHARSWOOD said : "They (directors) can only be regarded as mandataries — persons who...apply ordinary skill and diligence, but no more." In Hodges v. New England Screw Co., 1 RI 312, JENCKES, J., said : " The sole question is whether the...
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A Treatise on the Law of Railroads, Volume 1

Horace Gay Wood - Electronic books - 1885 - 1953 pages
...grossly improvident regarded as mandataries, persons who have gratuitously undertaken to iť-rfoim certain duties, and who are, therefore, bound to apply...are themselves stockholders, interested as well as nil others that the affairs and business of the corporation should be successful, when we ascertain...
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Atlantic Reporter, Volume 50

Law reports, digests, etc - 1902
...term an agent or any bailee intrusted with the care and management of the property of another.. It is certain that they are not technical trustees. They...are themselves stockholders, Interested as well as nil others that the affairs and business of the corporation should be successful, when we ascertain...
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A Treatise on the Law of Private Corporations, Volume 1

Victor Morawetz - Corporation law - 1886 - 1173 pages
...it has been said, that, inasmuch as directors are usually not paid for their services, they are to be regarded as mandataries, — persons who have gratuitously undertaken to perform certain duties, and are bound to exercise only ordinary care and prudence, — and that they are liable to the corporation...
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