joint liability


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joint liability

n. when two or more persons are both responsible for a debt, claim or judgment. It can be important to the person making the claim, as well as to a person who is sued, who can demand that anyone with joint liability for the alleged debt or claim for damages be joined in (brought into) the lawsuit with them. (See: joinder, joint and several)

References in periodicals archive ?
Nevertheless, joint liability could be introduced at a later stage.
Hazarika took a loan from his father and set up his business with the Lakhimi Joint Liability Swabalambi Group, the local dairy farming society, in the region.
It provides microfinance loans based on the joint liability group (JLG) model and individual lending.
Once they started saving a part of their earnings every month, Resham made them aware of the latest microfinance facilities, modern techniques of farming, and the need to pursue allied activities and set up joint liability groups.
Although one defendant had gone out of business, the plaintiff could not recover full payment from the other because the law abolished joint liability.
The court concluded that she lacked actual knowledge of the unreported income and qualified for relief from joint liability.
In October last year the couple were awarded pounds 15,000 after school bosses and the Britannia Hotel admitted joint liability over William's death for allowing him to drink so much and attempt to walk home.
Provisions in a divorce decree that maintain continued joint liability may not be effective in preventing the IRS from imposing liability on only one spouse.
Establishes proportionate liability for non-economic damages and reduces joint liability for economic damages.
Railtrack and train operators English Welsh and Scottish Railways (EWS), have already admitted joint liability for the accident at Quintinshill.
The new law allows "innocent spouses" who are unaware of the other spouse's tax understatements greater opportunities to disclaim joint liability, including special, new election.
The bill also abolishes joint liability in product liability cases and restricts the theory of strict liability to manufacturers.

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