joint obligation

joint obligation
joint obligation see obligation

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

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  • joint obligation — noun : an obligation binding each of the obligors to the performance of the entire obligation …   Useful english dictionary

  • obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… …   Law dictionary

  • obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… …   Black's law dictionary

  • joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… …   Black's law dictionary

  • joint — United; combined; undivided; done by or against two or more unitedly; shared by or between two or more; coupled together in interest or liability. The term is used to express a common property interest enjoyed or a common liability incurred by… …   Black's law dictionary

  • joint — /joynt/, n. 1. the place at which two things, or separate parts of one thing, are joined or united, either rigidly or in such a way as to permit motion; juncture. 2. a connection between pieces of wood, metal, or the like, often reinforced with… …   Universalium

  • joint 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

  • joint obligor — One of two or more persons bound by a joint obligation or a joint and several obligation. One of two or more persons jointly liable upon a negotiable instrument as makers, indorsers, accommodation indorsers, etc …   Ballentine's 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 — 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

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