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joint and several liability

Finnish translation: yhteisvastuu

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:joint and several liability
Finnish translation:yhteisvastuu

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13:13 May 21, 2009
English to Finnish translations [PRO]
Law/Patents - Law (general)
Additional field(s): Investment / Securities, Law: Contract(s)
English term or phrase: joint and several liability
Definition from www.businessballs.com:
Where parties act together in a contract as partners they have joint and several liability. In addition to all the partners being responsible together, each partner is also liable individually for the entire contract - so a creditor could recover a whole debt from any one of them individually, leaving that person to recover their shares from the rest of the partners.

Example sentence(s):
  • It has become apparent in our industrialized society that this doctrine [the common law doctrine of joint and several liability] has produced inequitable and unfair results that have had a detrimental impact on businesses. www.pointoflaw.com
  • Judgment against a teaching hospital in a medical malpractice suit shall be based on the percentage of fault and not Joint and Several Liability. www.subrogation.net
  • Joint and several liability can also apply to rent arrears on joint tenancies, arrears on joint mortgages, Council Tax payments and water charges on properties that have been jointly occupied. Payplan Ltd.
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yhteisvastuu
Definition:
yhteisvastuu asettaa sekä ryhmälle että ryhmän jokaiselle jäsenelle velvollisuus
Selected response from:

Desmond O'Rourke
United States
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
5 +2yhteisvastuu
Desmond O'Rourke


  

Translations offered


40 days   confidence: Answerer confidence 5/5 peer agreement (net): +2
yhteisvastuu


Definition from own experience or research:
yhteisvastuu asettaa sekä ryhmälle että ryhmän jokaiselle jäsenelle velvollisuus

Example sentence(s):
Desmond O'Rourke
United States
Local time: 07:51
Native speaker of: Native in EnglishEnglish
PRO pts in category: 30

Votes in favor of/against selecting this as the best translation of the term asked
Yes  Jussi Rosti: I agree on the answer, although I don't understand (or cannot parse) the definition given.
49 days
  -> Joint and several = the group and each member of it is liable in full. My Finnish is wanting!
Yes  Sari Hellsten: Liikekielen sanakirjan ja EUR-Lexin perusteella
98 days
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