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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 ...
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. [1]
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.
Married Filing Jointly vs. Married Filing Separately. One interesting thing about getting married and filing your taxes is that if your nuptials take place at the end of the year, even on the last ...
Generally, full payment to any of the solidary obligees extinguishes the obligation. 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.
In many cases, it's better for married couples to file jointly because they cannot claim tax credits, like education credits and credits related to child care, if they file married filing separately.
A fixed-term contract is a contractual relationship between an employee and an employer that lasts for a specified period that is determined in advance. These contracts are usually regulated by countries' labor laws , to ensure that employers still fulfill basic labour rights regardless of a contract's form, particularly unjust dismissal .
Spending more time with Bunnie and her country superstar husband Jelly Roll. "I want to spend more time with you and Jelly," Wilson added. In a 2023 Billboard interview, her husband called Bunnie ...