Several Liability definitions

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several liability

several liability logo #21214n. 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 t...
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Several Liability

Several Liability logo #21213(n) Several liability is the liability of a person who is jointly liable along with others, to a third person to make good all the dues owed by all joint liability holders irrespective of the internal agreement with them. Such person however can claim the respective share of liability of others
Found on http://www.encyclo.co.uk/local/21213

Several Liability

Several Liability logo #22642When a party is responsible for his or her own obligation (separately from another's liability), so that the plaintiff may bring a separate action against that party without suing other responsible parties. Compare: joint liability
Found on http://www.nolo.com/dictionary/several-liability-term.html
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