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If a person is on a bank account with someone why does that person become responsible for any mony owed to bank?
Wiki User
∙ 19y ago
Being "on a bank account" means that the co-holder accepted responsibility for the account. This happens when a co-holder signs an agreement or contract. If you do not want responsibility, don't open joint accounts. Read all contracts and make sure you understand the terms before you sign them.
Wiki User
∙ 19y ago
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If a person is added to someone's checking account are they both responsible for an overdraft?
yes both partys will be responsible
What makes you a co-signer on a credit card account and liable for the debt when the person who initiated the account dies?
Someone who becomes a co-signer for a financial transaction is pledging to be responsible for the debt if the primary borrower defaults. FYI, an authorized user of a cc account is not the same thing, and is not responsible for the cc debt.
Can a person with a Facebook account tag someone who does not have a Facebook account?
yes
Who or what is a bank account holder?
A person on whose name the bank account is opened is called the bank account holder. He is the one responsible for maintaining the account.
What is the average age to become responsible?
The average person becomes responsible at 11.75 years old.
What happens if you put someone else's name on a banking account?
They also become a joint holder or owner of the bank account and the account becomes a joint account. You and the other person you put into the account can operate the account independently and can carry out transactions like deposit, withdrawal, balance inquiry etc.
What do a hacker do?
A Hacker is a person that gets into someone's account.
Who is responsible for credit card debt after death?
The banks would like you to think that the person's family is responsible, but this is not true. The person who made the debt and who has no other person on the account is responsible. This means that a husband or children of the person who died does NOT inherit the debt unless it is a joint account. Your name has to be on the account to have them collect the debt. Otherwise you don't owe what the person left. However, the decedent's estate is responsible for paying their debts. If the decedent owned any assets at the time of death, their debts must be paid before any property can be distributed to the heirs.
What are the synonyms of the term 'bondsman'?
The term 'bondsman' means someone who acts in a capacity to guarantee the funding for a person's bail within a court of law. This makes the bondsman summarily become responsible for the person's debts.
If a person is unable to go and someone brings them alcohol and that person dies can the person be responsible for the death?
Yes, even a bartender can be held responsible for inappropriate serving of alcohol.
How do you words a notice for not responsible for someone debts in a newspaper?
"We hereby declare that we are not responsible for any debts or liabilities incurred by [name of the person] in any capacity. Any financial obligations or agreements entered into by [name of the person] are their sole responsibility."
Will a credit card company accept a personal check from you if you are paying off someone else's account?
Absolutely. I have been paying off my boyfriends account for 2 years now and as long as I put the account number on there, they don't care who it is from, as long as they get their money. * In addition, a person who makes payments on someone else's credit card account is not legally bound to continue to do so nor are they responsible for the debt itself.
