Joint and several liability is a legal doctrine that makes anyone who contributed to an injury responsible for covering the full costs. Find out more.

Joint liability means that more than one person is legally responsible to pay back a loan, cover damages, or otherwise satisfy a liability.

Conclusion Before you sign any guaranty agreement, be sure to read all of the terms carefully. Guaranty agreements can easily bind you to more debt than you intended.

Joint and several liability is legal lingo for a responsibility that is shared by multiple parties. A wronged party may sue any or all of them.

What business owners should understand prior to signing a personal guarantee, to limit liability when taking out a loan, and avoiding joint/several liabilites in the ...

The Difference Between Jointly Liable & Joint & Several Liability. Joint and several liability is allowed in many states. This type of liability may apply to business partners who form a general ...

The application of joint and several liability to economic and non-economic damage awards is well established, but its application to punitive damages is less clear.

But the Texas Supreme Court has allowed the imposition of joint and several liability in some other limited circumstances, including where there is an "indivisible injury." In Landers v.

Among the legal oddities I learned along the way: banks usually require business partners to agree to something called joint and several liability, which may sound nice and fair but in reality ...

Therefore, the court's decision regarding the joint and several liability of co-conspirators impacts nonnarcotics types of cases as well, such as those cases involving white-collar offenses such ...

Under the concept of pure joint and several liability, in a case with multiple defendants, a single defendant may be liable for a plaintiff's entire award, even if the defendant was minimally ...

Under the current law known as "joint and several," in lawsuits involving multiple defendants, any one defendant can be on the hook for the entire judgment if codefendants can't pay.