Trade debts were first satisfied from the cash and stock in the authorized trader's hands and, under the historical rule described, from his value as well. If claims still remained after that, creditors could not pursue the master's other personal assets after the slave's death.
The master's commercial exposure was therefore limited to what had been committed to that business arrangement.
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Limited Liability: Inheritance Under Debt, Historical Analogy and Practical Limits
Trade debts were first satisfied from the cash and stock in the authorized trader's hands and, under the historical rule described, from his value as well. If claims still remained after that, creditors could not pursue the master's other personal assets after the slave's death.
The master's commercial exposure was therefore limited to what had been committed to that business arrangement.