joint and several liability

Liability that may be apportioned either among two or more parties or to only one or a few select members of the group, at the adversary’s discretion.

• Thus, each liable party is individually responsible for the entire obligation, but a paying party may have a right of contribution and indemnity from nonpaying parties. See solidary liability. [Cases: Contracts 181; Negligence 484; Torts 22. C.J.S. Contracts §§ 366, 371; Negligence §§ 154–156; Torts §§ 39–44.]

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词条贡献者

译者Paloma，毕业于英国一流的高级翻译学院，擅长翻译各种与投资基金相关的法律文件。