Joint control and Joint liability: Difference between pages

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imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
(Create the page. Source: Oxford Dictionary of Law, 2013.)
 
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''Financial reporting.''
A situation where parties undertake a liability collectively and each of them is legally liable for the whole amount.
 
The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
 




== See also ==
== See also ==
* [[IFRS 11]]
* [[Joint and several liability]]
* [[Joint arrangement]]
* [[Several]]
* [[Joint operation]]
* [[Several liability]]
* [[Joint venture]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 16:06, 30 August 2016

A situation where parties undertake a liability collectively and each of them is legally liable for the whole amount.


See also

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