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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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In the case of both types of partnerships, the member partners might be jointly and severally liable for each other's misconduct.
Generally, married taxpayers who file joint Federal income tax returns are jointly and severally liable for the tax under Sec.
The ruling--in 10 consolidated appeals that resulted from 6 enforcement motions filed by the plaintiffs--holds the 12 remaining members of the Center for Claims Resolution (CCR), a nonprofit organization created to handle asbestos litigation against its member companies, jointly and severally liable for the terms of the agreement.
 
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