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WARD v. NATIONSBANK OF VIRGINIA, N.A.

Record Nos. 972622, 972640.

507 S.E.2d 616 (1998)

Lynn-Hall WARD, et al. v. NATIONSBANK OF VIRGINIA, N.A., et al. The LIFE INSURANCE COMPANY OF VIRGINIA v. Lynn-Hall WARD, et al.

Supreme Court of Virginia.

November 6, 1998.

Attorney(s) appearing for the Case

Jon D. Becker (Ruthie Litvin; Andrew I. Becker; Diamonstein, Becker & Staley, on briefs), Virginia Beach, for Lynn-Hall Ward, et al.

M. Bruce Wallinger (Wharton, Aldhizer & Weaver, on brief), Harrisonburg, for appellee Rio Associates Limited Partnership.

Stephen A. Northup (Andrew G. Mauck; Robert A. Angle; Mays & Valentine, on brief), Richmond, for appellee NationsBank of Virginia, N.A.

John W. Zunka (Taylor, Zunka, Milnor & Carter, on brief), Charlottesville, for appellee The Life Insurance Company of Virginia.

Present: COMPTON, LACY, HASSELL, KEENAN, KOONTZ and KINSER, JJ.

LACY, Justice.

In this case, the beneficiaries of a trust filed a bill of complaint against the trustee alleging that the trustee breached the trust agreement by executing a purchase option, agreeing to a deed of trust on the trust property securing funds lent to the lessee/purchaser for development of the property, and subsequently conveying the trust property. Because we conclude that the trustee had the authority to...

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