THE LAW OF TRUST 369
- Is he liable to pay interest ? Only in the following cases—
(a) Where he has actually received interest.
(b) Where the breach consists in unreasonable delay in paying trust-money to the beneficiary.
(c) Where the trustee ought to have received interest, but has not done so.
(d) Where he may be fairly presumed to have received interest.
(e) Where the breach consists in failure to invest trust-money and to accumulate the interest or dividents.
(f) Where the breach consists in the employment of trust property or the proceeds thereof in trade or business.
- Is he entitled to set off a gain from breach of trust against a loss from breach of trust.
He cannot.
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