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:
“Let me approach at least, and touch thy hand.
[Samson:] Not for thy life, lest fierce remembrance wake
My sudden rage to tear thee joint by joint.
At distance I forgive thee, go with that;
Bewail thy falsehood, and the pious works
It hath brought forth to make thee memorable
Among illustrious women, faithful wives:
Cherish thy hast’n’d widowhood with the gold
Of Matrimonial treason: so farewel.”
—John Milton (1608–1674)