Severally refers to being separate or distinct. For instance, when a group of individuals are severally liable for something, it implies that each person is accountable for their individual contribution, rather than collectively.
Definition:
The term “severally” is an adjective that means distinctly or separately. It is commonly used in legal contexts to indicate individual responsibility or liability.
Examples:
In the first example, every member of the group had the individual responsibility to complete their assigned task. Similarly, in the second example, each partner in the business had the individual liability for any debts incurred.
Explanation:
The provided examples demonstrate how “severally” is utilised to emphasize individual responsibility or liability. In the first example, each member of the group is accountable for their own task, while in the second example, each partner is accountable for any debts accumulated by the business. The usage of “severally” highlights that each person or entity is responsible separately, rather than collectively.
Severally liable means that each party is individually responsible for fulfilling their obligations or liabilities under a contract or legal agreement. This means that if one party fails to fulfill their obligations, the other party can still hold them accountable.
Yes, each severally liable party can be held responsible for the full amount of a debt or liability. If one party is unable to pay their share, the other party can seek full payment from them.
In joint liability, all parties are collectively responsible for fulfilling the obligations or liabilities. If one party is unable to pay, the other parties are equally responsible for the remaining amount. In severally liability, each party is individually responsible for the full amount.
Yes, severally liable parties can seek contribution from each other if one party has paid more than their share of the debt or liability. This allows for a fair distribution of the financial burden among the parties involved.
Yes, each severally liable party can be sued individually for the full amount of the debt or liability. This provides the creditor or injured party with the option to pursue legal action against any or all of the parties involved.
Severally liable parties can be released from their obligations if there is a valid agreement or legal provision that relieves them of their responsibilities. However, this would typically require the consent of all parties involved or a court order.
In general, severally liable parties cannot assign their obligations to someone else without the consent of the other parties involved. This is because each party is individually responsible for fulfilling their obligations.
Severally liable parties can be held responsible for the actions of other parties if those actions are within the scope of the agreement or legal relationship. However, the extent of liability may vary depending on the specific circumstances and applicable laws.
Yes, severally liable parties can seek indemnification from each other if one party’s actions or negligence result in a loss or liability. This allows the innocent party to be compensated for any damages incurred.
Yes, severally liable parties can be released from liability through a settlement agreement if all parties involved agree to the terms of the settlement. This would typically require the negotiation and acceptance of a mutually acceptable resolution.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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