Search results
Results from the WOW.Com Content Network
Under joint and several liability or (in the U.S.) all sums, a plaintiff (claimant) is entitled to claim an obligation incurred by any of the promisors from all of them jointly and also from each of them individually. Thus the plaintiff has more than one cause of action: if she pursues one promisor and he fails to pay the sum due, her action is ...
The owners are jointly and severally liable for any legal actions and debts the company may face, unless otherwise provided by law or in the agreement. It is a partnership in which partners share equally in both responsibility and liability.
Decided November 17, 1948; Full case name: Charles A. Summers v. Howard W. Tice, et al. Citation(s) 33 Cal.2d 80 199 P.2d 1: Holding; When a plaintiff suffers a single indivisible injury, for which the negligence of each of several potential tortfeasors could have been a but-for cause, but only one of which could have actually been the cause, all the potential tortfeasors are jointly and ...
General partners may have joint liability or joint and several liability depending upon circumstances. The limited partnership (LP) is a partnership in which general partners manage the partnership's operations, and limited partners forego the right to manage the business in exchange for limited liability for the partnership debts. The ...
A common example of solidary obligations for the obligees is a joint bank account; when two or more names are on an account, they are obligees of the bank's obligation to make funds available on demand. Each obligee would have the right to withdraw the whole amount in the bank account.
Several high-quality dividend stocks cost less than $33 a share. ... and investing in joint ventures. For example, it recently invested $50 million into a joint venture that plans to deploy $500 ...
The article defines three types of liability (joint, several and joint and several). But then the first example mentions "proportionate liability". Is this supposed to be one of the three types previously defined? The term is not mentioned anywhere earlier but it is used as if it were previously defined.
A woman in the Sunshine State says she was let go from her job over an act of kindness. On Nov. 27, Florida resident Victoria Hughes appeared on NBC affiliate WFLA to discuss being fired from an ...