joint and several liability
Definition
Together and in separation liability. In joint and several agreements, the liability for default is enforceable against all of the signatories as a group (not necessarily on a proportional or pro-rata basis), or against any one of them as an individual—at the choice of the enforcing party. See also jointly and severally.
joint and several liability is in the Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
joint and several liability appears in the definitions of the following terms: jointly and severally, joint liability, pro rata guarantee, several liability and aliquot liability
joint and several liability appears in the other term: strict joint and several liability
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