joint and several

  • 11Joint 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.Joint liabilityIf parties have joint liability,… …

    Wikipedia

  • 12joint and several bond — A bond in which the obligors are, by its terms, bound both jointly and individually to pay the full amount of the bond. The rule is that where an instrument worded in the singular is executed by several, the obligation is a joint and several one …

    Ballentine's law dictionary

  • 13Joint And Several Liability — When multiple parties can be held liable for the same event or act and be responsible for all restitution required. In cases of joint and several liability, a person who was harmed or wronged by several parties could be awarded damages and… …

    Investment dictionary

  • 14joint and several liability — The liability of joint tortfeasors. 52 Am J1st Torts § 110. The liability of the two or more contracting parties on one side under an agreement in such terms as to engage the two or more jointly and each one individually. See joint and several… …

    Ballentine's law dictionary

  • 15joint and several contract — A contract with two or more contracting parties on one side, presenting distinct engagements and rights, each contractor being liable and entitled individually and the two or more of them being liable and entitled jointly. 17 Am J2d Contr § 298.… …

    Ballentine's law dictionary

  • 16joint and several demurrer — A demurrer in which the parties demurring to a pleading assail it both collectively and individually. A demurrer may be joint, several, or both joint and several as to the parties demurring; for the defendants may assail the complaint… …

    Ballentine's law dictionary

  • 17joint and several note — A promissory note which is the note of all and of each of the makers as to its legal obligation between the parties to it. A promissory note in the form, I promise to pay, etc., and signed by two persons is as much a joint and several note as one …

    Ballentine's law dictionary

  • 18joint and several liability — A liability that is entered into by a group, on the understanding that if any of the group fail in their undertaking the liability must be shared by the remainder. Thus, if two people enter into a joint and several guarantee for a bank loan, if… …

    Accounting dictionary

  • 19joint and several liability — A liability that is entered into as a group, on the understanding that if any of the group fail in their undertaking the liability must be shared by the remainder. Thus if two people enter into a joint and several guarantee for a bank loan, if… …

    Big dictionary of business and management

  • 20joint and several — adjective : constituting or relating to rights which two or more persons entitled thereto may assert either together or separately or to duties and liabilities of two or more persons for which they may be held liable either together or separately …

    Useful english dictionary