Conrad Loos, Respondents v. John Wilkinson, Impleaded

Summary

The New York Court of Appeals affirmed the lower court’s accounting of rents and profits received by John Wilkinson, a fraudulent grantee, allowing deductions for taxes, necessary repairs, interest at the legal rate, and the agent's commission, but striking the credit for insurance premiums. The court reasoned that equity requires a net‑rent accounting that reflects necessary expenditures while denying reimbursement for benefits not serving the creditors.