joint and several उदाहरण वाक्य

Under joint and several liability, where two or more people create a single injury or loss, all are equally liable, even if they only contributed a small amount.
"Basically, if we settle punitive damages and joint and several liability, I think we can get a bill, " said Rockefeller, who's been seeking product liability for a decade.
The bank has appointed Gong Wee Ning and Abdul Rahim Hamid, partners of Coopers & AMP; Lybrand, as " joint and several receivers and managers " of the company.
It started out with $ 4 . 1 billion in debt that was the joint and several liability of all of the national banks of the five former Yugoslav republics,
The first target is often joint and several liability, which may result in one defendant who is only partly responsible for an injury bearing the full burden of a judgment.

Even accepting that the court can pierce the corporate veil in some circumstances, the notion of such joint and several liability is inconsistent with the reasoning and decision in Salomon.
Currently, under the legal doctrine of " joint and several ( cq ) liability, " investors who win a securities suit may collect from any defendant that can afford to pay.
The bill also exempts small businesses from joint and several liability, where one defendant only partially liable for non-economic damages such as pain and suffering can end up paying all damages.
Byrd and Scott favor outright elimination of joint and several liability, meaning that defendants could not be held liable for a larger percentage of fault than what a jury assigns them.
Joint and several liability is most relevant in tort claims, whereby a plaintiff may recover all the damages from any of the defendants regardless of their individual share of the liability.