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Does an agreement among partners for one of them to undertake the payment of the company's debts constitute a personal obligation on him, separate from the company's separate legal personality?

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An agreement among partners for one of them to undertake the payment of the company's debts does not constitute a personal obligation on him, separate from the company's separate legal personality, unless there is an explicit provision or a statutory requirement stipulating otherwise. This is due to the independence of...

An agreement among partners for one of them to undertake the payment of the company's debts does not constitute a personal obligation on him, separate from the company's separate legal personality, unless there is an explicit provision or a statutory requirement stipulating otherwise. This is due to the independence of the company's financial liability.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

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مبدأ قضائي - Article مبدأ

فلا يعد الالتزام المبرم بين الطرفين أنه التزام شخصي على المدعى عليه لاستقلال شخصيته عن شخصية الشركة (من أسباب حكم الاستئناف)

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