joint and several liability

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joint and several liability

Having full liability for the whole of a debt or injury. Comakers on promissory notes have joint and several liability,so that the lender may collect the entire amount due from only one borrower and is not limited to collecting one-half from each borrower. The following usually have joint and several liability unless required otherwise by a specific state law or contractual agreement:

• Partners in a general partnership
• Taxes owed by husbands and wives who file joint returns
• Multiple persons who commit one wrong and injure another
• Tenants under one lease, such as roommates
• Cosigners on promissory notes
• Cosigners on guarantee agreements

References in periodicals archive ?
Mohammed bin Abdulrahman Al-Saadan, the Director General for Religious Affairs at the armed forces, Director General of the joint Liability funds at the armed forces and Supervisor of the Warlord Succession Program, made the announcement.
A requesting spouse is the person who filed a joint return and is electing relief from joint liability under the regulations (Regs.
In the wake of the crisis, joint liability has expanded considerably, representing a move away from the Maastricht framework.
The idea of joint liability in the current situation is absurd.
This could even be seen as step towards joint liability in the future.
Berlin has so far rejected any joint deposit guarantee or resolution fund, as well as proposals that euro zone governments should assume joint liability for each other's debts.
ROP urges the community to have joint liability and provide more cooperation with legal authorities to combat this phenomenon through prompt reporting on such cases to the police, whether contacting emergency phone /9999/, go to the nearest police station, not to hire or shelter un-sponsored labour, or facilitate their entry into the Sultanate's territories, as such actions encourage the spread of this phenomenon in society, in addition to make them legally accountable.
The introduction offers an overview, and following sections are devoted to intentional torts, privileges, duty, negligence, cause in fact, proximate cause, joint liability, landowner liability, damages, wrongful death and survival statutes, strict liability, defenses, defamation, privacy, and nuisance, among other topics.
While arguing that euro bonds would violate EU treaties, which she says outlaw joint liability for national debts, Merkel also dismisses claims that these loans will create jobs, adding that they would "not contribute to kick-starting growth.
General partners have management control, share the profits pursuant to agreement, and have joint liability for partnership debts.
District Senior Judge Warren Eginton said a state statute on joint liability in third-party negligence that Wells Fargo presented in its case did not apply because all alleged losses are purely commercial in nature.
But there is no strategy on the bigger question of how and how far euro-zone countries should go towards joint liability for some debts.
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