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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 ...
In general trustees are under a duty to act jointly and have authority to act individually only if the trust instrument so provides. In principle therefore each trustee has an equal say in the management of the trust property and therefore in the event of a breach the trustees are jointly and severally liable for their actions. [1]
The Civil Liability (Contribution) Act 1978 [1] (c. 47) is an act of the Parliament of the United Kingdom.. The act repealed the relevant common law and made new provision for contribution between persons who are jointly or severally, or both jointly and severally, liable for the same damage and in certain other similar cases where two or more persons have paid or may be required to pay ...
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.
The Dallas Cowboys requested permission to interview Philadelphia Eagles offensive coordinator Kellen Moore for their vacant head coaching position, multiple media outlets reported Thursday.
Another premise of joint and several liability is that corporations, individuals and insurers who have caused an injury by violating the law should not be able to avoid compensating the injured victim simply because they were not the only party that substantially contributed to the victim's injuries or losses.
Jennifer Lopez opened up in a new interview with British Vogue, discussing how she approaches “hardships” in the wake of her divorce from Ben Affleck.
Trump's incoming administration may reverse several Biden-era electric vehicle (EV) policies, including the $7,500 federal tax credit, potentially changing the auto industry by 2025. This could ...