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State court of last resort · ST-VA-SC
Ward v. NationsBank
No. 972622Supreme Court of Virginia
972622 Ward v. NationsBank 11/06/1998 Because a trustee had authority to grant a purchase option on trust property and exercised that authority in a prudent manner, and that action provided a benefit to the tr…
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972622 Ward v. NationsBank 11/06/1998 Because a trustee had authority to grant a purchase option on trust property and exercised …
- Court
- Supreme Court of Virginia
- First seen
- Oct 4, 2026
- Last entry
- Nov 6, 1998
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Docket entry
972622 Ward v. NationsBank 11/06/1998 Because a trustee had authority to grant a purchase option on trust property and exercised that authority in a prudent manner, and that action provided a benefit to the trust, the judgment of the trial court that the trustee did not breach the trust agreement by executing the option, agreeing to a deed of trust on the property securing funds lent to the lessee/purchaser for development of the property, and subsequently conveying the trust property, is affirmed.
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