Joint and Several Liability
A legal principle under which two or more persons may be held individually and collectively liable for the same loss or damage.
Court Read full definition
Legal Glossary
Terms Starting with "J"
4 terms found
Judgment
A decision of a court that determines the rights and obligations of the parties in a legal matter.
Contract Read full definitionJuristic Person
A legal entity, such as a company, close corporation, partnership or other recognised body, that has legal rights and obligations separate from its members.
Corporate Read full definitionJust and Equitable
The quality of being fair and reasonable after considering all relevant facts and circumstances.
Read full definition