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Definition Of Joint And Several Liability:


nResponsibility for a loss that is borne both individually and collectively by a group of defendants.
Other definition of Joint And Several Liability- What Does Joint And Several Liability Mean?Whenmultiple parties can be held liable for the same event or act and be responsible for all restitution required.In cases of joint and several liability, aperson who was harmed or wronged by several parties could be awarded damages and collect from any one, several, or all of the liable parties. The liable parties would be required to pay the entire damage award, which could be split among multiple parties or could come from just one party. Each party would be liable for part of the damages, or up to as much as all of the damages. Joint and several liability favors the plaintiff suing for damages because it enableshim or her toseek payment from the party or parties with the deepest pockets. Joint and several liability differs from comparative fault, where the multiple parties would be assigned responsibility for a portion of the damages in relation to the percentage of fault that they bore for the harm. In comparative fault, if the greatest percentage of harm comes from the least financially solvent liableparty, this mightleave the plaintiff in the position of seeking damages from an insolvent party.

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