View source for Joint and several liability

''Law''.  

Joint and several liability means a creditor may sue one or more of the parties to a liability separately, or all of them together, for the whole amount of the liability.

This is a more favourable arrangement for the creditor, and less favourable for the parties undertaking the liability, compared with ''several liability'' (where each party’s liability is limited to a proportionate share of the whole amount).


== See also ==
* [[Liabilities]]
* [[Limited liability]]
* [[Several liability]]

[[Category:Compliance_and_audit]]