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joint and several liability
(redirected from Jointly and severally liable)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
joint and several liability,
(in law) a condition in which several persons share the liability for a plaintiff 's injury and may be found liable individually or as a group.


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Taking the second point, if you are getting a mortgage you and your co-owner will be jointly and severally liable for all amounts which become due under the terms of the mortgage.
On the negative side, they are all jointly and severally liable for the debts and obligations of the partnership.
The insurer argued that each was strictly liable for distributing a defective product, and jointly and severally liable for the whole amount of the homeowner's damage.
 
 
 
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