JOINT AND SEVERAL

摘要

Joint And Several Liability arises where two (or more) parties (say, A and B) promise both jointly and individually ('severally') to a counterparty (C) to do something. The effect is that A and B are jointly liable to C, and C can enforce their promise in full either against A or against B. The fact that the liabilities are 'several' between A and B means that if C pursues A to receive payment in full, A is able to pursue B for a contribution.