CONTACT : CAVEAT : FORWARD THINKING STATEMENT : CAVEAT : TERMS GUIDE
SINCE TIME BEGAN : salus populi suprema est lex - the right of the people is the supreme law : IN TRUTH WE TRUST
"Hence, in several obligation, each creditor can recover only his share of the obligation, and each debtor can be made to pay only his part; whereas, in joint obligation, each creditor may enforce the entire obligation, and each debtor may be obliged to pay in full ... Addendum : oint and several liability is most relevant in tort claims, whereby a plaintiff may recover all the damages from any of the defendants regardless of their individual share of the liability. The rule is often applied in negligence cases, though it is sometimes invoked in other areas of law."
"Joint and several liability is a legal term for a responsibility that is shared by two or more parties to a lawsuit. A wronged party may sue any or all of them, and collect the total damages awarded by a court from any or all of them ... Pure joint and several liability places the risk of insolvency and the burden of identifying nonparty tortfeasors on defendants. ... Under pure several liability, the plaintiff may recover from each, severally liable, defendant only the portion of damages that are attributable to that defendant's fault."
Without Prejudice : Not Legal Advice; Nor, A Directive To Legal Counsel. Political Commentaries Only : Errors And Omissions Excepted
SINCE TIME BEGAN : salus populi suprema est lex - the right of the people is the supreme law : IN TRUTH WE TRUST
CONTACT : CAVEAT : FORWARD THINKING STATEMENT : CAVEAT : TERMS GUIDE
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