0
In what cases are private individuals held liable for company car leases?
Wiki User
∙ 11y ago
Private individuals are not responsible for company car leases. Company car leases are taken out by the company as a business. If for any reason a company defaults and doesn't make payments, it is generally repossessed from the company.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoYou will have to talk with your company to be sure what their specific rules are. Most of the time, if you are driving the car off the clock and on personal time then it is your responsibility. Companies will usually make you pay for your tickets or accidents if you are At Fault or doing something illegal like speeding.
Wiki User
∙ 11y agoIf you are doing company business then you should not be held liable or have to sign a company car lease. Now if you have personal business that you do in the car then you can be held liable.
Add your answer:
Earn +20 pts
What does Private Limited mean?
A private limited company is a private company whose shareholders have limited liability. As a private company, its shares are not publically traded and shares are held only by investors. These investors are only liable for their original investment in the company.
If im already on a lease and enter into a new lease is it allowed?
It's allowed, but you will be liable for both leases
What is the meaning of legal personality in regards to who is responsible for income tax?
Taxation falls on individuals,but legal personality extends to companies: If you start a company and that company has income than that company is liable for taxes
What is aPrivate limited company?
Private limited company is a company which can not raise capital for business by issuing shares, preference shares, debenture in public and also can not go for IPO. The company's directors and promoters are not liable to pay liabilities in case of insolvency.
If you rear end someone on private property are you liable?
If you rear end another vehicle, you are almost certainly going to be held liable. Being on private property does not affect the issue of liability.
What insurance company is liable if a pedestrain is hit by a car?
The driver who hit the pedestrian is liable, not their insurance company. The drivers insurance company will normally be responsible for payment of valid claims up to the policy limits for which the their insured driver is found liable.
Should a company be liable if an unauthorized employee signed a contract under the company?
No , if an employee has committed fraud and signed a contract under the company knowingly unauthorized then the company may not held liable.
If a hotel leases a room for a private party and a person is injured as a result of alcohol berverages is the hotel liable for law suit in prince George's County Maryland?
Not enough information to answer - too many facts are missing. Where did the alcoholic beverages come from in this private party room? Who supplied them? Who served them? If neither the hotel nor its staff were involved in either supplying or serving the beverages, they have no responsibility.
Is a private leinholder of a vehicle liable for the actions of the person who has possession of the vehicle?
No.
Distinguish between private and a public company?
Simply answered, a private company is a non-stock company which is wholly owned by its investor(s). A public company is one that has issued stocks to anyone in the public who wishes to buy them. There are different govrenment regualtions for a publicly owned company.
What does severally liable mean?
The term severally liable means that a person, company, or place is responsible for the upkeep of an establishment, property, or service. If the person, company, or place is not following the responsibilities they are liable which means they can be sued for money.
What are 2 benefits of converting from a partnership to private limited company?
The formation of a limited company makes the company an entity in its own right with its own liabilities. If you are a partnership and the company goes bust you and your partner are personally liable for any monies owed. If the company is Limited then it is limited to paying the investment into the company and its assets to its creditors should the company fail.
