“…es personally and without limit, thus engaging not only the trust assets but his personal estate. As Lord Penzance put it in Muir v City of Glasgow Bank (1879) 4 App Cas 337, 368, where debts are incurred by a trustee for the benefit of the beneficiaries, the trustee…”
“…he will incur no personal liability in excess of the fund, provided that suitable words are used. The principle is stated in Muir v City of Glasgow Bank (1879) 4 App Cas 337, 355:…”