joint and several liability


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Related to joint and several liability: Jointly and severally

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 opposition, Progressive insists that the arbitrator must comply with the Superintendent of Insurance's procedures regarding arbitrations, including an FAQ section stating that joint and several liability does not apply to loss transfer arbitrations.
It should also restore the doctrine of joint and several liability augmented with a right of contribution among joint tortfeasors in equal pro rata shares.
Lastly, the proposal introduces the principle of joint and several liability to guarantee that subcontractors in the construction sector comply fully with their legal and contractual obligations.
joint and several liability, several liability, and liability under
Under the Superfund regime's overriding principle of joint and several liability, language not expressly in the law itself but based on reference to Clean Water Act case law, PRPs may be compelled to pay for all of the clean-up costs at a CERCLA site, leaving them to sue for contribution against other parties not held accountable for their fair share contribution to the problem by the government.
That Act clearly established the principle of joint and several liability on a joint tax return.
Nationwide, the District of Columbia and seven states--Alabama, Maine, Maryland, Massachusetts, North Carolina, Rhode Island, and Virginia--have pure joint and several liability. It has been abolished in Georgia and Wyoming; all other states have modified its application in various ways.
Without joint and several liability innocent plaintiffs--those guilty of no contributory negligence--will be left with only a partial recovery against negligent tortfeasors whose wrongful acts caused all the harm.
Efforts already under way have resulted in a trend away from insurers facing joint and several liability and toward several liability, in which financial responsibility is apportioned according to the blame assigned to each party by judge or jury.
Brad Henry (D), places a $300,000 cap on noneconomic damages, and restricts joint and several liability. In other provisions, the new statute limits who can testify as an expert witness in a medical liability case and clarifies the definition of a "frivolous" lawsuit.
Brad Henry, a Democrat, specifically places a $300,000 cap on noneconomic damages, and restricts joint and several liability. In other provisions, the new statute limits who will be allowed to testify as an expert witness in a medical liability case, and clarifies the definition of a "frivolous" lawsuit.
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