Edmundsen v Loudoun - [1947] NZLR 321

Trusts and Trustees — Breach of Trust — Carrying-on of Business after Date fixed by Testator for Sale and Division of Property — Action for Damages — Petition for Relief from Personal Liability — No Application to Court for Order sanctioning such Carrying-on — Reasonable period to allow therefor — Method of Ascertainment of Loss to Trust Estate — Whether Trustees entitled to Credit for Increase in Price of Chattels obtained by Delay in Sale — "Innocent" — Trustee Act, 1908, ss 89, 98.