145:âI do not think it is necessary, but it appears to me very important, that we should concur in laying down again and again the general principle that in this court no agent in the course of his agency, in the matter of his agency, can be allowed to make any profit without the knowledge and consent of his principal; that that rule is an inflexible rule, and must be applied inexorably by this court, which is not entitled, in my judgment, to receive evidence, or suggestion, or argument as to whether the principal did or did not suffer any injury in fact by reason of the dealing of the agent; for the safety of mankind requires that no agent shall be able to put his principal to the danger of such an inquiry as that.â
42:
118:. Mr. Cooley was told that the gas board did not want to contract with a firm, but directly with him. Mr. Cooley then told the board of IDC Group that he was unwell and requested he be allowed to resign from his job on early notice. They acquiesced and accepted his resignation. He then undertook the Letchworth design work for the gas board on his own account. Industrial Development Consultants found out and sued him for breach of his duty of loyalty.
1376:
1390:
129:
held that even though there was no chance of IDC getting the contract, if they had been told they would not have released him. So he was held accountable for the benefits he received. He rejected the argument that because he made it clear in his discussions with the Gas Board that he was speaking in
130:
a private capacity, Mr. Cooley was under no fiduciary duty. He had âone capacity and one capacity only in which he was carrying on business at that time. That capacity was as managing director of the plaintiffs.â All information which came to him should have been passed on.
101:
It is also applicable for fiduciary duty of an agent under agency law which states that an agent has a fiduciary relationship with his principal. This is a position which is similar to that of a trustee.
41:
1440:
1430:
1357:
1435:
149:
Throughout the last century, and also in the present century, courts of the highest authority have always strictly applied this rule.
783:
341:
240:
897:
766:
175:
110:
Mr Cooley was an architect employed as managing director of
Industrial Development Consultants Ltd., part of IDC Group Ltd. The
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837:
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case on the corporate opportunities doctrine, and the duty of loyalty from the law of trusts.
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548:
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1331:
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1004:
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1087:
1059:
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667:
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463:
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1394:
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872:
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1179:
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810:
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1117:
958:
761:
260:
83:
resigning director, conflict of interest, trusts, fiduciary duties
1149:
1097:
953:
351:
267:
194:
221:
190:
114:
had a lucrative project pending, to design a depot in
1345:
1235:
1058:
967:
858:
737:
639:
360:
228:
77:
69:
64:
56:
48:
34:
91:Industrial Development Consultants Ltd v Cooley
35:Industrial Development Consultants Ltd v Cooley
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8:
18:Industrial Development Consultants v Cooley
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199:
191:
40:
31:
1358:History of the American legal profession
7:
25:
342:Restitution and unjust enrichment
1389:
1388:
1374:
176:Regal (Hastings) Ltd v. Gulliver
1441:1972 in United Kingdom case law
1431:United Kingdom company case law
1353:History of the legal profession
1:
1436:High Court of Justice cases
1457:
1020:International legal theory
499:International slavery laws
494:International human rights
489:International criminal law
1368:
1073:Administration of justice
82:
39:
850:Basic structure doctrine
700:Natural and legal rights
581:Public international law
1030:Principle of typicality
504:International trade law
163:(1724) 2 Sel Cas Ch 61
147:
141:said, at p. 124:
137:(1874) 10 Ch.App. 96,
1025:Principle of legality
784:Delegated legislation
484:Intellectual property
143:
1243:Barristers' chambers
1185:Legal representation
1123:Justice of the peace
469:Financial regulation
168:Whelpdale v. Cookson
1278:Election commission
990:Expressive function
519:Landlordâtenant law
418:Consumer protection
133:Roskill J, quoted,
1236:Legal institutions
1103:Lawsuit/Litigation
1093:Dispute resolution
898:Catholic canon law
606:State of emergency
569:Will and testament
293:Law of obligations
246:Constitutional law
236:Administrative law
184:Boardman v. Phipps
171:(1747) 1 Ves Sen 9
135:Parker v. MacKenna
1418:
1417:
1078:Constitutionalism
1000:Law and economics
838:Act of parliament
576:Product liability
529:Legal archaeology
454:Environmental law
448:Entertainment law
288:International law
160:Keech v. Sandford
112:Eastern Gas Board
87:
86:
16:(Redirected from
1448:
1393:
1392:
1391:
1379:
1378:
1202:Question of fact
1083:Criminal justice
413:Construction law
408:Conflict of laws
373:Agricultural law
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208:
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65:Court membership
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32:
27:1972 UK law case
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1332:Political party
1305:Legal education
1293:Law enforcement
1273:Court of equity
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1207:Question of law
1160:Practice of law
1140:Judicial review
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1005:Legal formalism
985:Comparative law
980:Contract theory
963:
883:Legal pluralism
854:
843:Act of Congress
767:Executive order
733:
635:
554:Nationality law
479:Immigration law
403:Competition law
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224:
219:
155:
124:
108:
94:1 WLR 443 is a
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23:
22:
15:
12:
11:
5:
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1381:Law portal
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813:
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803:
798:
797:
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791:
786:
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769:
764:
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749:
747:Ballot measure
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741:
735:
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732:
731:
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724:Legal treatise
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720:
719:
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704:
703:
702:
692:
690:Letters patent
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682:
681:
680:
670:
665:
660:
651:
645:
643:
641:Sources of law
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634:
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628:
626:Unenforced law
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461:
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405:
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398:Commercial law
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107:
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96:UK company law
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61:
58:
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53:
50:
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37:
36:
26:
24:
14:
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10:
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3:
2:
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1263:Civil society
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1251:
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1222:Trier of fact
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1108:Legal opinion
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1096:
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1089:
1088:Court-martial
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1084:
1081:
1079:
1076:
1074:
1071:
1069:
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1065:
1063:
1061:
1060:Jurisprudence
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1051:
1048:
1046:
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1041:
1038:
1036:
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1023:
1021:
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1016:
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1008:
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1001:
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996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
972:
970:
966:
960:
957:
955:
952:
950:
949:Statutory law
947:
945:
944:Socialist law
942:
938:
937:Byzantine law
935:
934:
933:
930:
926:
923:
921:
918:
916:
913:
911:
908:
906:
903:
899:
896:
895:
894:
891:
890:
889:
888:Religious law
886:
884:
881:
879:
876:
874:
871:
869:
866:
865:
863:
861:
860:Legal systems
857:
851:
848:
844:
841:
839:
836:
834:
831:
830:
829:
828:Statutory law
826:
822:
819:
818:
817:
814:
812:
809:
807:
804:
802:
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790:
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781:
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736:
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710:
709:
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705:
701:
698:
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693:
691:
688:
686:
683:
679:
676:
675:
674:
671:
669:
666:
664:
661:
659:
658:Statutory law
655:
652:
650:
647:
646:
644:
642:
638:
632:
629:
627:
624:
622:
619:
617:
616:Transport law
614:
612:
609:
607:
604:
602:
599:
597:
594:
592:
589:
587:
584:
582:
579:
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567:
565:
562:
561:
560:
557:
555:
552:
550:
547:
545:
542:
540:
537:
535:
534:Legal fiction
532:
530:
527:
525:
522:
520:
517:
515:
512:
510:
507:
505:
502:
500:
497:
495:
492:
490:
487:
485:
482:
480:
477:
475:
472:
470:
467:
465:
464:Financial law
462:
460:
457:
455:
452:
449:
446:
444:
441:
439:
436:
434:
431:
429:
426:
424:
423:Corporate law
421:
419:
416:
414:
411:
409:
406:
404:
401:
399:
396:
394:
391:
389:
386:
384:
381:
379:
376:
374:
371:
369:
366:
365:
363:
359:
353:
350:
348:
347:Statutory law
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343:
340:
336:
333:
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331:
328:
326:
323:
321:
318:
314:
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262:
259:
258:
257:
254:
252:
249:
247:
244:
242:
239:
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234:
233:
231:
229:Core subjects
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216:
211:
209:
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202:
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186:
185:
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178:
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162:
161:
157:
156:
152:
150:
146:
142:
140:
136:
131:
128:
121:
119:
117:
113:
105:
103:
99:
97:
93:
92:
81:
76:
72:
70:Judge sitting
68:
63:
59:
55:
51:
47:
43:
38:
33:
30:
19:
1407:
1400:
1386:
1372:
1145:Jurisdiction
1113:Legal remedy
1068:Adjudication
968:Legal theory
806:Ratification
801:Promulgation
772:Proclamation
752:Codification
685:Human rights
673:Divine right
663:Constitution
631:Women in law
549:Military law
544:Marriage law
539:Maritime law
438:Election law
378:Aviation law
368:Abortion law
320:Property law
256:Criminal law
182:
174:
166:
158:
148:
144:
134:
132:
125:
109:
100:
90:
89:
88:
29:
1317:Legislature
1248:Bureaucracy
1045:Rule of man
1040:Rule of law
1015:Libertarian
878:Chinese law
779:Legislation
729:Regulations
717:Law reports
695:Natural law
591:Reparations
586:Refugee law
509:Jurimetrics
450:(Media law)
388:Banking law
383:Amnesty law
361:Disciplines
298:Private law
1425:Categories
1310:Law school
1190:Prosecutor
1128:Magistrate
915:Jewish law
873:Common law
794:Rulemaking
789:Regulation
739:Law making
678:Divine law
654:Legal code
601:Sports law
524:Law of war
474:Health law
459:Family law
443:Energy law
393:Bankruptcy
330:Punishment
325:Public law
139:James L.J.
127:Roskill J.
116:Letchworth
52:High Court
1288:Judiciary
1283:Executive
1258:The bench
1195:Solicitor
1170:Barrister
1050:Sociology
1035:Pseudolaw
975:Anarchist
932:Roman law
920:Parsi law
905:Hindu law
893:Canon law
868:Civil law
821:Concordat
712:Precedent
621:Trust law
596:Space law
433:Drugs law
303:Procedure
241:Civil law
179:2 AC 134n
73:Roskill J
60:1 WLR 443
1395:Category
1337:Tribunal
1322:Military
1165:Attorney
1135:Judgment
995:Feminist
910:Jain law
707:Case law
428:Cyberlaw
335:Corporal
313:Criminal
283:Evidence
273:Doctrine
251:Contract
153:See also
122:Judgment
78:Keywords
57:Citation
1409:Outline
1346:History
1253:The bar
1227:Verdict
1175:Counsel
1155:Justice
1010:History
833:Statute
649:Charter
611:Tax law
559:Probate
187:2 AC 46
1327:Police
1298:Agency
1180:Lawyer
925:Sharia
816:Treaty
811:Repeal
757:Decree
668:Custom
564:Estate
514:Labour
278:Equity
1402:Index
1268:Court
1212:Trial
1118:Judge
959:Yassa
762:Edict
308:Civil
261:Crime
106:Facts
49:Court
1150:Jury
1098:Fiqh
954:Xeer
352:Tort
268:Deed
222:Law
1427::
656:/
214:e
207:t
200:v
20:)
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