Joint and several liability

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Revision as of 13:59, 22 August 2013 by imported>Doug Williamson (Spacing and category added 22/8/13)
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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