When an agent is employed to carry out any transaction which involves a payment to him on his principal's behalf1, he must not compromise his principal's rights2 or part with his property3, until he has received payment, unless authorised by his instructions or by usage to do so4; but, in the absence of negligence on the part of the agent, he is not liable merely because the debtor, being insolvent, does not pay the debt in full: in such circumstances his duty is to collect all he can5. In the
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