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Cosa (chi) è joint liability - definizione
LEGAL TERM
Joint and Several Liability; Joint and several; Several liability; Joint liability; Jointly liable; Severally liable; Jointly and severally liable; Joint tortfeasors; Jointly and severally; Joint-responsibility rule; Joint tortfeasance
joint liability
n. when two or more persons are both responsible for a debt, claim or judgment. It can be important to the person making the claim, as well as to a person who is sued, who can demand that anyone with joint liability for the alleged debt or claim for damages be joined in (brought into) the lawsuit.
See also: joinder joint and several
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:
several liability
n. referring to responsibility of one party for the entire debt (as in "joint and several") or judgment when those who jointly agreed to pay the debt or are jointly ordered to pay a judgment do not do so. A person who is stuck with "several liability" because the others do not pay their part may sue the other joint debtors for contribution toward the payment he/she has made.
See also: contribution joint and several promissory note
Wikipedia
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.
