An obligation for which multiple individuals are liable for payment.
Related information about joint and several liability:
- Joint and several liability - Wikipedia, the free encyclopedia
1 Joint liability; 2 Several liability; 3 Joint and several liability. 3.1 Examples. 4 Arguments for and against joint and several liability; 5 Variations; 6 Microfinance ...
- Joint and Several Liability - Legal Dictionary - The Free Dictionary
A designation of liability by which members of a group are either individually or mutually responsible to a party in whose favor a judgment has been awarded.
- Joint and Several Liability | LII / Legal Information Institute
When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the ...
- Joint and Several Liability Rule Reform | ATRA
PROBLEM: The rule of joint and several liability is neither fair, nor rational, because it fails to equitably distribute liability. The rule allows a defendant only ...
- The Difference Between Jointly Liable & Joint & Several Liability ...
Joint and several liability is allowed in many states. ... Joint and several liability gives an injured party a better chance of recovering damages because he may ...
- What is joint and several liability? definition and meaning
Definition of joint and several liability: Together and in separation liability. In joint and several agreements, the liability for default is enforceable against all of the ...
- Joint And Several Liability Definition | Investopedia
In cases of joint and several liability, a person who was harmed or wronged by several parties could be awarded damages and collect from any one, several, ...
- Torts Capsule Summary - Chapter 13
Under joint and several liability principles, the tortfeasor sued must still bear full responsibility for the injury to the plaintiff. With the exception of tortfeasors liable ...