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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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The plaintiffs seek to hold each of the power defendants jointly and severally liable under a federal common law claim of nuisance because the greenhouse gas pollutants emitted by the defendants were a substantial factor in causing higher global temperatures. In many cases the joint tortfeasors are jointly and severally liable for the damages, meaning that any of them can be responsible to pay the In many cases the joint tortfeasors are jointly and severally liable for the damages, meaning that any of them can be responsible to pay the |
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