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joint and several liability

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.01 sec.
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



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New York courts adopt a modified joint and several liability system in giving awards in cases where there are multiple defendants.
The Court ruled that when the apportionment performed by the lower court is reasonable, joint and several liability should not be imposed on a PRP.
6015 as a whole, including its title, "Relief from joint and several liability on joint return," and to congressional intent to conclude that Sec.
 
 
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