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joint and several liability |
Also found in: Legal, Financial, Wikipedia | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The committee is also undertaking a review of issues surrounding joint and several liability for VAT fraud in the supply chain. Prior to the 1998 Restructuring Act, the courts would have held that granting Lora innocent spouse relief could not have affected Isaac's tax liability since he still would be liable for the entire deficiency under the joint and several liability rule. This legal concept is known as joint and several liability. |
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