Majority
Headnote
Bquity — allegation that thxre exists no adequate remedy at law — contingent interest in a trust threatened with destruction — plaintiff not remitted to an action for damages against the trustee, although he is solvent.The appellants object to the complaint that it contains no allegation that the plaintiff has no adequate remedy at law. N o such
In the present case the complaint avers the destruction of a trust in which the plaintiff has a contingent interest. There being no allegation that the trustee is insolvent, the defendants suggest that an action for damages against the trustee is an adequate remedy. In order to oust the equitable remedy, the legal remedy must be as practical and efficient to the ends of justice and its prompt,administration as the remedy in equity. (Boyce’s Exrs. v. Grundy, 3 Pet. 210 ; Arthur v. Oakes, 63 Fed. Rep. 328 .) Or, as expressed by Fuller, Ch. J., in Kilbourn v. Sunderland ( 130 U. S. 505 , 514), the jurisdiction in equity attaches, unless the legal remedy, both in respect to the final relief and the mode of obtaining it, is as efficient as the remedy in equity.
In other words, the suitor is entitled not only to an adequate remedy, but to the best remedy, which must depend on many considerations as to which the suitor is in general the best judge.
Under any other rule the rights of the suitor will often, while ostensibly protected, practically be sacrificed, and lie will get the shell of protection and lose the substance.
To sum up, in any given case the suitor is entitled to avail himself of the best remedy afforded either at law or in equity, and he may protect the fund, and will not be remitted to an action at law against the trustee.
As pointed out in the opinion below, a contingent remainder is an estate which the courts recognize and will protect.
The judgment must be affirmed, with costs.
Dykman, J., concurred ; Brown, P. J., not sitting.
Judgment affirmed, with costs.
Cases cited
- Boyce's Executors v. Grundy 3 Pet. 210 p. 303
- Kilbourn v. Sunderland 130 U. S. 505 at 514 p. 303