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Glossary > J > "Joint liability" Definition

Joint liability

The legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually.

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Joint liability \ The legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually.

Joint liability / the legal liability of two or more people for claims against or debts incurred by them jointly. if three people have joint liability and are indebted to another party, they may only be sued as a group and not individually.