joint and several liability

Liability of multiple debtors in which each debtor can be held responsible for the entire debt to the creditor; the creditor may demand full payment f...

A legal relationship among multiple debtors in which the creditor may claim the full amount from any one debtor, with the debtors jointly and severall...

A liability clause that imposes joint and several (solidary) liability on multiple parties; each party can be held liable for the full amount; defines...

Joint and several liability means that multiple obligors are liable both together and individually. In the storage context, this refers to multiple pa...

A contractual or legal limit on the amount recoverable for loss, damage, or delay of goods, capping the liable amount that a party (such as a carrier ...

Duty liability denotes the contractual or statutory obligation of a party (often the importer, carrier, or party responsible for customs) to pay or en...