Breach of trust is referred to violation of any duty imposed upon a trustee. In case of any breach of trust committed by a trustee, all the loss sustained by the trust property or the beneficiary shall be compensated by the trustee. Where the beneficiary has, by fraud induced the trustee to commit the breach or the beneficiary being competent to do so, has himself, without coercion or undue influence, concurred in the breach, or subsequently assented therein with full knowledge of facts of the case and of his rights as against the trustee, the trustee shall not be liable for breach of trust resulting in any loss suffered by the beneficiary or the trust property. Where breach of trust has been committed by a predecessor of the trustee or his co-trustee and if he himself exercised due care and diligence which is expected from a man of ordinary prudence and has not facilitated or assented to the breach of trust.
