Upgrad LLM

firm's liabilities over vehicles


I own a medium enterprise and am planning to buy a few vehicles for business purposes.

What liabilities does a business entity take when it buys vehicles and gives them out to employees.

For instance, if I allocate a vehicle to person A and that person ends up getting involved in a hit-and-run case, what sort of ramifications will that lead to, for my business?

Thank you for your replies.

 

 

 

 

 
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advocate

Criminal Liability will be attributed to the driver, in case of any negligence, crime etc...

 

Civil liability like compensation will fall on the owner, which can be offset by ensuring full insurance without any lapse. 

 
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Advocate/ nadeemqureshi1@gmail.com

Dear Ajai

i agree with Mr. Kumar TVS

 
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Can Partnership transfer or gift Motor car (as a part of fixed assest of firm) to one of partner on his marriage ?

 
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Hi

Pl answer urgently

 
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