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several liability

   Also found in: Medical, Financial, Wikipedia 0.01 sec.

several liability n. referring to responsibility of one party for the entire debt (as in "joint and several") or judgment when those who jointly agreed to pay the debt or are jointly ordered to pay a judgment do not do so. A person who is stuck with "several liability" because the others do not pay their part may sue the other joint debtors for contribution toward the payment he/she has made. (See: contribution, joint and several, promissory note)



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New York courts adopt a modified joint and several liability system in giving awards in cases where there are multiple defendants.
The Court ruled that when the apportionment performed by the lower court is reasonable, joint and several liability should not be imposed on a PRP.
6015 as a whole, including its title, "Relief from joint and several liability on joint return," and to congressional intent to conclude that Sec.
 
 
 
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