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Business partner is authorized user on credit card and business is dissolving does the primary card holder own what was purchased by authorized user?
Ownership is an issue not covered by credit laws. There may be other statutes that deal with this issue. "Possession is nine tenths of the law" comes to mind.
Creditors are only concerned with the money due them. An authorized user does not qualify as a "debtor" under the Fair Credit Reporting Act and therefore never has liability. The primary card holder would have liability regardless of who purchased the items/services and who has "ownership".
What else can I help you with?
Where can one buy a business list?
Usually a business list cannot be purchased. A business list is a vague term, as there are many types of businesses that exist and there are different lists for each business.
What is dissolving a business?
Dissolving a business usually means an orderly shutdown of operation, where staff are paid redundancy money, creditors' bills are paid and all orders are fulfilled. After this, the business ceases to trade and is wound up (bank accounts closed, a lawyer certifies that all business is concluded and the regulatory authority is notified). A business can also be dissolved by bankruptcy, where there is insufficient cash or assets in the business to meet debts and future orders, with a creditor petitioning the courts or the regulatory authority for the business to be wound up and the remaining assets seized or sold to pay debts.
Where can you purchase small business insurance?
Small business insurance can be purchased where ever insurance is purchased. This would include agents, banking facilities or any other monetary agency.
Where can one find Business Equipment online?
Business Equipment can be purchased online through various retailers. Some examples of reputable online retailers that specialize in business equipment include Amazon and Staples Business Depot..
Which companies offers a business inkjet printer?
Brother, Hewlett Packard, Lexmark, and Dell all offer a business the ability to purchase a business inkjet printer. The most common purchased for business are Brother printers since the refills are affordable.
What is considered property of a business?
I think that "property" of a business is consider when any or all materials were purchased by the business.
Recommend at least five practices to control the un-authorized access to your online business?
Recommend at least five practices to control the un-authorized access to your online business.
Where may a person purchase an Apple AirPort Extreme card?
All Apple products can be purchased from their website. Additionally, the card can be purchased at an Apple retail store or from an authorized reseller. Always verify the business is a legitimate reseller of Apple products.
In the resource market what is purchased by business?
help
What to protect your business from unexpected loss due to hazards?
Insurance is purchased to protect a business from unexpected loss.
How does one start a Car Valeting Business?
One can start their own car valeting business by first preparing a business plan. Once one has one, a lot needs to be purchased for the car valeting business to operate on, supplies need to be purchased, and employees need to be hired.
What is authorized capital?
Authorized capital is the capital to which an organization is authorised to use in the business and maximum amount that can be used for the working of organization.
Where can one buy a business list?
Usually a business list cannot be purchased. A business list is a vague term, as there are many types of businesses that exist and there are different lists for each business.
What is dissolving a business?
Dissolving a business usually means an orderly shutdown of operation, where staff are paid redundancy money, creditors' bills are paid and all orders are fulfilled. After this, the business ceases to trade and is wound up (bank accounts closed, a lawyer certifies that all business is concluded and the regulatory authority is notified). A business can also be dissolved by bankruptcy, where there is insufficient cash or assets in the business to meet debts and future orders, with a creditor petitioning the courts or the regulatory authority for the business to be wound up and the remaining assets seized or sold to pay debts.
Are shorts professional?
They can be. There are business short suits that can be purchased.
Where can you purchase small business insurance?
Small business insurance can be purchased where ever insurance is purchased. This would include agents, banking facilities or any other monetary agency.
Can business interruption insurance be purchased by itself?
"Business interruption insurance can be purchased by itself, but for optimal coverage, it is usually used to supplement Property insurance or other types of coverage."
