Definitions for "Joint Liability"
Related Terms:
Jointly and severally, Joint and several liability, Joint & several liability, Joint and several, Liability, Exculpatory clause, Liable, Subrogate, Joint note, Hold-harmless agreement, Unlimited liability, Vicarious liability, Third party, Privity, Hold harmless agreement, Premises liability, Legal liability, Subrogation, Third party claim, Surety, Debtor, Guaranty, Personal guarantee, Partnership, Imputed negligence, Lienholder, Third-party liability, Hold-harmless clause, Suretyship, Ex gratia, Contractual liability, General partnership, Personal guaranty, Legal entity, Forfeiture, Assignment, Novation, Hold harmless clause, Insolvent, Hold harmless, Privity of contract, Creditor, Obligee, Related party, Assignee, Obligation, Arrestment, Preferred creditor, Without recourse
a doctrine of liability making all parties who are responsible for a loss to each share full responsibility
Liability owed jointly with another person.• Liability for Others
Liability which rests upon more than one person.
Liability imposed upon two or more persons.
Each party agrees to be equally liable for an obligation.
Liability that rests upon more than one person.
Joint Liability is when responsibility for a debt, claim, or judgement is shared by two or more parties.
Mutual legal responsibility by two or more parties for claims on the assets of a company or individual.
A form of liability in which liability is shared by more than one person or organization.
This is used to describe a situation where the liability for a debt is shared by two or more people.
Liability imposed upoon two or more persons.
(and see '') Parties who are jointly liable share a single liability and each party can be held liable for the whole of it.
The mutual responsibility of a group of persons, which requires all or any one of them to pay obligations or damages. In joint and several liabilities, an injured party has the choice of suing all the parties together or one or more of them separately.
When two or more people are liable for the terms of a mortgage.
when two or more individuals are responsible to fulfill the terms of a loan or agreement.
Liability shared by two or more people. Each person is liable for the full debt.
When two or more people are responsible for repaying a single debt.
The responsibility of two or more people to fulfill the terms of a home loan or debt.
Two people who are responsible for a loan or debt.
Liability shared among two or more people, each of whom is liable for the full debt.
The legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually.
Two or more people sharing the responsibility of fulfilling the terms of a debt.
A liability shared by two or more parties, wherein each party has a right to demand that the other parties perform at a level consistent with the performance of any one party or company.