Is my cousin's capital considered a personal debt owed by me, given that I was his agent in investing it in the company that went bankrupt, or is it a debt owed by the company itself?
The agent is not liable except in cases of transgression or negligence. The debt is owed by the company, not by the questioner, as long as his actions did not exceed the scope of what his principal authorized.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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