joint liability

joint liability
joint liability see liability 2b

Merriam-Webster’s Dictionary of Law. . 1996.

joint liability
n.
Liability owed by two or more people together.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


joint liability
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 with them. Compare: several liability
Category: Accidents & Injuries
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

joint liability
The basis on which co-obligors who have together undertaken the same obligation are considered to have assumed liability with each other (unless liability is expressly assumed on a joint and several, or a several liability basis). Joint liability applies whether or not the obligation is indivisible. Subject to certain exceptions, the third party must bring proceedings (whether for recovery of a debt or for specific performance) against all co-obligors.
+ joint liability
USA
Also known as joint.
In the case of more than one obligor to an obligation, each obligor is liable for the full amount of the relevant obligation.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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

Law dictionary. . 2013.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • joint liability — UK US noun [U] ► LAW a situation where more than one person or organization share responsibility for paying a debt or for paying for damage that has been caused, etc.: »As the partners have agreed to joint liability, if the partnership becomes… …   Financial and business terms

  • Joint Liability — An obligation, including an obligation to repay a debt between two or more parties. A joint liability allows parties to share the risks associated with taking on additional debt, and to protect themselves in the event of legal litigation and… …   Investment dictionary

  • joint liability —    When two or more persons are responsible for a debt, claim or judgment. Anyone making a claim can demand that everyone with joint liability for an alleged debt or claim for damages be brought into a lawsuit …   Business law dictionary

  • joint liability — The liability of two or more persons as one, so that, in the absence of statute, where one of them is sued, the other or others liable with him must be joined as defendants if living and within the jurisdiction. 39 Am J1st Parties § 37. See joint …   Ballentine's law dictionary

  • joint liability — legal responsibility that is shared between two or more people …   English contemporary dictionary

  • liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds …   Law dictionary

  • joint and several liability — see liability 2b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. joint and several liability …   Law dictionary

  • joint and several — joint and sev·er·al adj: relating or belonging to two or more parties together and separately joint and several duties of the partners see also joint and several liability at liability 2b compare in sol …   Law dictionary

  • joint — adj 1: common to two or more: as a: involving the combined activity or negligence of two or more a joint tort see also joint tortfeasor compare several b …   Law dictionary

  • joint and several liability — ➔ liability * * * joint and several liability UK US noun [U] ► LAW a situation where each of the people or organizations in a group is responsible, as a group and separately, for paying a debt, paying for damage that has been caused, etc.: »The… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”