joint and several liability

(redirected from Severally liable)
Also found in: Medical, Legal.

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 ?
In other words, some laws say that if the tenants move into the same property at the same time and both sign the same lease, then the tenants are automatically joint and severally liable for debts arising from the lease.
Student tenants, almost inevitably sharing their accommodation, must remember that they are jointly and severally liable for the condition of the property and for ensuring that it is handed back at the end of the tenancy in the same condition as at the start.
The plaintiff filed a complaint alleging that each defendant's negligence proximately caused her severe and permanent eye injuries, and that the defendants were jointly and severally liable.
The insurer argued that each was strictly liable for distributing a defective product, and jointly and severally liable for the whole amount of the homeowner's damage.
When tort defendants are held jointly and severally liable, the total of all damages is payable by each defendant without regard to each defendant's individually assigned degree of fault.
In the case of both types of partnerships, the member partners might be jointly and severally liable for each other's misconduct.
I intend to bring forward an amendment to the Compensation Bill to provide that in these cases negligent employers should be jointly and severally liable, so that the claimant can recover full compensation from any relevant employer.
In addition, a vicariously liable tortfeasor, such as an employer for the negligence of an employee, will continue to be jointly and severally liable with the active tortfeasor.
James Hurst, VAT senior manager at Grant Thornton's Birmingham office, said: 'The Finance Act 2003 introduced new legislation making taxpayers jointly and severally liable for unpaid VAT on a supply of telephone or computer-related equipment made by another taxpayer.
The court held that the guards were not jointly and severally liable for their failure to intervene in other guards' alleged use of excessive force during a cell transfer and transport procedure.
In addition, one of the selected cases involved an offender who was jointly and severally liable for the debt with another offender who had been deported.