When trust or confidence is reposed in a person in consideration of the payment or promise of a reward to him, negligence in the person trusted which results in injury to the other person shall give the injured party a right of action.
(Orig. Code 1863, § 2948; Code 1868, § 2955; Code 1873, § 3006; Code 1882, § 3006; Civil Code 1895, § 3867; Civil Code 1910, § 4463; Code 1933, § 105-1201.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 76 Am. Jur. 2d, Trusts, § 368 et seq.
C.J.S.- 90A C.J.S., Trusts, §§ 326-334.
ALR.
- Individual liability of trustee or other fiduciary for injury to person or property of third person due to negligence, violation of statute or ordinance, in management of trust estate, 123 A.L.R. 458.
Employer's liability for action of trustees or similar body administering employer's pension plan, 54 A.L.R.3d 189.
Liability of insurance agent or broker on ground of inadequacy of liability insurance coverage procured, 72 A.L.R.3d 704.
Liability of insurance agent or broker on ground of inadequacy of life, health, and accident insurance coverage procured, 72 A.L.R.3d 735.
Liability of insurance agent or broker on ground of inadequacy of property insurance coverage procured, 72 A.L.R.3d 747.
Liability of bank, to other than party whose financial condition is misrepresented, for erroneous credit information furnished by bank or its directors, officers, or employees, 77 A.L.R.3d 6.
Liability of estate for tort of executor, administrator, or trustee, 82 A.L.R.3d 892.
Liability of insurance agent or broker for placing insurance with insolvent carrier, 42 A.L.R.5th 199.