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 ?
Inc shall be jointly liable with MWSS for the same amount and period," the SC also said.
The case has been closely watched by privacy lawyers who say many companies are unaware of the potential risks of being held jointly liable with tech giants such as Facebook for data they share with them by embedding a social plugin, such as Facebook's iconic 'like' button on their website.
The accused were "held solidarily and jointly liable" to return P124,500,000 to the national treasury pursuant to Article 100 of the Revised Penal Code, but the 186-page decision failed to indicate who among them should pay.
In case of a joint venture, all the partners in the joint venture shall be jointly liable for the entire contract, if selected.
'Moreover, in view of the discussion above, and pursuant to Article 100 of the Revised Penal Code, accused are held solidarily and jointly liable to return to the National Treasury the amount of PhP 124,500,000.00,' the dispositive portion of the decision read.
An entity (let's call it the "employing company") can be held jointly liable for another entity's (let's call it the "placing company") violations of employment-discrimination laws, wage-and-hour violations, and unfair labor practices.
If the offence is not committed in the name or for the account of the company, it shall not be jointly liable for payment of fines or compensation.
They are jointly liable as the item cost over PS100.
In Mexico, franchisors may be jointly liable for the legal entitlements of their franchisees' employees including statutory severance, wages, accrued benefits, overtime pay and other entitlements.
Remember that even though you no longer live there you remain jointly liable for the debt as far as the bank is concerned.
Their firms ratified their conduct and were thus jointly liable, though an associate's liability was capped at $100,000 for his lesser role.<br />Background<br />James Dillon borrowed money from online lenders in 2012 and 2013 at interest rates that he alleged were usurious.
The relevant provision in the Water Supply Regulations states that if a consumer who is not the owner of a property, abandons it without having paid the bill, the owner of the property is jointly liable and obliged for payment, in addition to the guarantee deposit of the consumer.