Joint And Several Liability
Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be:
- jointly liable, or
- severally liable, or
- jointly and severally liable.
Read more about Joint And Several Liability: Joint Liability, Several Liability, Joint and Several Liability, Arguments For and Against Joint and Several Liability, Variations, Microfinance
Famous quotes containing the word joint:
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)