TeachMeFinance.com - explain Joint and Several Liability
Joint and Several Liability
Under CERCLA, this legal concept relates to the liability for Superfund site cleanup and other costs on the part of more than one potentially responsible party (i.e. if there were several owners or users of a site that became contaminated over the years, they could all be considered potentially liable for cleaning up the site.)
About the author
Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.