1. Together and several. B, C and D acknowledge that they are jointly and severally liable for the entire commitment arising from the contract and the related costs. To the extent that the parties are complicit, they are liable up to the full amount of the undertaking.  Therefore, if a couple borrows from a bank, the credit agreement generally provides that they are liable for the entire amount “jointly and severally”. When one party dies, disappears or is declared bankrupt, the other party remains fully liable. Accordingly, the Bank may prosecute all living accomplices for the entire amount. Conversely, it is a multiple or proportionate liability in which the parties are liable only for their respective obligations.  A common example of multiple liability is syndicated credit agreements, which generally provide that each bank is jointly and severally liable for its own part of the loan. If a bank does not give its agreed part of the loan to the borrower, the borrower cannot sue that this bank and the other banks in the consortium have no liability.
An important, practical difference between “joint and several” liability and “joint and several” liability is the mechanics of recourse to liability. It is generally easier to sue a single party who is jointly and severally liable, especially when the other liable party is outside the jurisdiction. For joint and several liability, it may be more effective to choose the best party for the lawsuit (deeper bags, easier to find) rather than suing all potential co-defendants. On the other hand, if a person is jointly and severally liable (but not jointly and severally), the court may initiate the proceedings until any person liable under the contract is a party as a defendant. If Ann is hit by a car driven by Bob, who was served alcohol at Charlotte`s bar (and the state has Dramshop laws), Bob and Charlotte`s bar can be held jointly liable for Ann`s injuries. If the jury discovers that Ann was to be awarded $10 million, that Bob was 90% responsible, and that Charlotte`s bar was 10% responsible, we will discuss the simultaneous liability under contract above. As a general rule, claims are not only for infringement, but include negligence and deceptive and deceptive behavior. To further increase complexity, two persons who commit the same unlawful act are sometimes referred to as “jointly and severally liable”. They sue me under the contract, but I think others are jointly and severally liable Under joint and several liability or all amounts, a plaintiff can sue an obligation against a party as if they were jointly and severally liable and it is the responsibility of the defendant to clarify its respective shares of liability and payment.
  This means that if the Applicant sues a defendant and receives payment, that defendant must sue the other debtors for a contribution to their share of responsibility. In trying to achieve its goal of poverty reduction, microfinance often lends to groups of the poor, with each member of the group being jointly and severally responsible. This means that each member is responsible for reimbursing all other members of the group.