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 ?
The bill also provides that all officers of the organization will be held jointly liable with those members who actually participated in the hazing.
This is against of the backdrop of the Western Cape High Courts judgement that the South African Schools Act hold parents jointly liable for the payment of school fees.
The Board stated thatto be classified a "joint employer," jointly liable for labor violations, a business must have a direct and immediate connection to the employees in question.
An HMRC spokesman said: "The UK has led the way in holding online marketplaces jointly liable for VAT evaded overseas.
Mr Fortune says he did everything in his power to fix the communal drain by arranging for the council to attend, for which he says the neighbours were jointly liable.
The convicted officials were likewise held jointly liable for fines amounting to P6,554,500, which was equivalent to the personal loans granted to Arcelo from Fape funds.
In relation to the substantive claim, the Court held that the Defendants were jointly liable to pay the Claimant the sum of USD 65,750, plus legal interest at the rate of 9% accruing from 4 July 2016 until the date of full payment, plus all legal expenses.
Under British law, the credit card issuer is jointly liable for your loss if something goes wrong.
Article 48 states that employers shall be jointly liable among themselves for any violation of this law and the transfer of all or part of the business shall also be jointly liable, with the original employer discharging the entire obligation imposed by the rules.
Dubai: Two motorists - a man and a woman - lost their appeals on Tuesday after a court found them jointly liable for the death of a man's daughter, pregnant wife and her five-month-old foetus following a traffic accident.
You have rights under section 75 of the Consumer Credit Act which makes your bank jointly liable for a breach of contract - here the failure to deliver goods fit for purpose.
Whether you get involved or not, the NLRB, DOL or OSHA is likely to cite your organization as jointly liable anyway.