Joint and several liability

Corporate & Other Laws

Pls illustrate the above this with a simple example

Sibi Srinivasan

CA Final

★ 22K+

12-Sep-21 19:16

718

Answers (1)

Where two or more persons are liable in respect of the same liability, in most common law legal systems they may either be: jointly liable, or severally liable, or jointly and severally liable.

Pooja Sharma

CA Foundation

★ 175

12-Sep-21 22:59