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Can a credit card company hold an agent personally responsible for charges made on behalf of the principal on a company credit card?
Wiki User
∙ 8y ago
The only way is if you signed an agreement to be responsible for the card. The card agreement was first signed by an officer of the company and then added you as a authorized user. But they can't hold you responsible for any of the debt unless fraud is envolved and then you don't need to worry about the card company you will have much bigger problems.
Wiki User
∙ 8y ago
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Who is responsible for business credit card debt?
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
How much does a principal of a company make?
Depends on the company. There is no set pay.
If your father wants to sign over a credit card to you is this possible?
Not without the consent of the credit card company. Your father may be able to add you as an authorized user, but he would be responsible for any charges if you couldn't make the payments.
Is an authorized user responsible for payments on Bank of America credit card even though they never used the card or had that card activated?
Authorized users are not responsible for repaying cc charges. Unless they are a spouse of the account holder and live in a community property state. I work at a credit card company and an authorized user is just someone who is able to make charges on the account. The primary cardholderand/or the joint cardholder would be the one responsible for the bill. The payment history may be reported to your credit bureau though. That does happen with some companies.
What are the three relations between management and shareholders?
Shareholders of a corporation are the owners of the company. Management are responsible for the day to day running of the company. Management is responsible for making money for the shareholders by keeping the company's operations efficient.
Does a co-operative have limited liability?
Limited liability means that owners of a corporation or members of a cooperative are not personally responsible for the debts the company incurs. It also means that if the company should do something that's against the law, the owners or members can't be held personally responsible.
Is your insurance company responsible for cleanup of the accident?
As a rule of thumb, the responsible parties insurance carrier in an automobile accident would cover tow charges to the other parties vehicle (as well as the tow charges for your vehicle, providing you carry collision coverage), and the "clean-up" is usually performed by the tow company. Therefore, the responsible carrier would be responsible for the charges. Otherwise, they could be liable for addition accidents or damages caused from the debris left behind.
How Surety can be compared to insurance policy?
Both insurance and surety provide protection against financial loss. Insurance anticipates losses and charges a premium with that in mind where surety companies expect no loss and the premium charged is a 'service fee'. Surety bonds involve three-parties the surety company, principal and obligee. Insurance involves two-parties the insurance company and the insured. With insurance the risk is transferred to the insurance company where as with surety the risk remains with the principal. The surety is providing a guarantee against loss by agreeing to be responsible for the obligation of the principal.
Is an at fault party's insurance company responsible for paying insurance charges for a rental in addition to the rental fee?
No, they do not have to insure your rented vehicle. You have too.
Is your spouse responsible for your cable bill if you are not living together?
It depends almost entirely on the contract signed with the cable company. If your spouse has signed as being solely or jointly responsible for the charges then it is quite possible.
If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
Who is responsible for business credit card debt?
The business is, provided the charges were for business related or permitted personal purchases. Most businesses, however, have policies for personal purchases on company plastic, and procedures for paying back the company. If personal charges are not permitted, then the card holder will be required to pay back the debt.
Details qualification of Principal Officer in Insurance Broker Company?
Varies widely, as would the owner or principal officer of any other company.
If you sue someone for charges they make on your credit card do they have to pay you or the company?
The person pays the card holder. The card holder is totally responsible for repayment of debt to the lending institution.
How much does a principal of a company make?
Depends on the company. There is no set pay.
How do you use the word princpal in a sentence?
She is the principal stockholder in that company. The principal of our school spoke to the meeting.
Is the company responsible when employee is assaulted on the job?
No, the company is not responsible when a person is assaulted on the job. The person who assaulted them is responsible.
