What is meant by joint and several liability? Why is this often considered to be a disadvantage
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Joint and several liability means that a third party ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
The Legal Environment Today Summarized Case Edition
ISBN: 978-1305262768
8th Edition
Authors: Roger LeRoy Miller
Question Posted:
Students also viewed these Business Law questions
-
What is meant by joint control?
-
MULTIPLE-CHOICE QUESTIONS 1. Which of the following is not a reason that audit firms continue to experience high levels of litigation? a. Joint and several liability statutes. b. Class action...
-
What is meant by proportionate liability? Contrast this legal doctrine with the doctrine of joint and several liability.
-
Compute the stone's average velocity over the time interval [0.5, 2.5] and indicate the corresponding secant line on a sketch of the graph of h(t). A stone is tossed vertically into the air from...
-
Considering just the College of Business at your university, estimate each of the costs for processes. Make and justify assumptions about labor rates and other factors.
-
Determine whether a taxpayer can change his or her election to itemize deductions once a return is filed. (Hint: Read about itemization under Reg. 1.63-1.)
-
Explain manufacturing activities and the flow of manufacturing costs.
-
X. R. Lopez and L. O. Moore, interior designers, are forming a partnership. Both plan to work in the firm on a full-time basis. Lopezs initial investment is $ 20,000; Moores investment, $ 30,000....
-
1. Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation...
-
A. Thomas Magnum began operations as a private investigator on January 1, 2008. The trial balance columns of the Balance Sheet worksheet for Thomas Magnum, P.I. at March 31 are as follows. Other...
-
What advantages and disadvantages are associated with the sole proprietorship?
-
What advantages do limited liability partnerships offer to entrepreneurs that are not offered by general partnerships?
-
Consider the set of generation I legendary Pokmon, \(L=\{\) Articuno, Zapdos, Moltres, Mewtwo \(\}\). Give an example of a proper subset containing: 1. one member. 2. three members. 3. no members.
-
Activity 1.4: When Less Becomes More For this activity, refer to the images shown. This is an activity which was performed for you if you do not have available two identical mirrors at home. But if...
-
! Required information [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced...
-
During the early part of winter, one morning, two hunters decided to go quail hunting on a property where the owner had given them permission to hunt. A nearby forest ranger saw the hunters and...
-
Required information [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product. Direct materials (30 pounds...
-
A horticulturist knows that the weights of honeybees that have previously visited her orchard are normally distributed with a mean of 0.87 grams, and a population standard deviation of 0.15 grams....
-
Explain why employees who are very satisfied with their jobs might not be better performers than those who are less satisfied.
-
Identify Thank You mission, strategy and core competencies. Identify strategy changes that have taken place at Thank You since its founding in 2008. Your answer must in text references and must be...
-
Give one example of a best practice for reducing the risk of malpractice litigation.
-
Thomas worked in the nonmilitary operations of a large firm that produced both military and nonmilitary goods. When the company discontinued the production of nonmilitary goods, Thomas was...
-
A business has a backlog of orders, and to meet its deadlines, management decides to run the firm seven days a week, eight hours a day. One of the employees, Abe Placer, refuses to work on Saturday...
-
The framers of the U.S. Constitution feared the twin evils of tyranny and anarchy. Discuss how specific provisions of the Constitution and the Bill of Rights reflect these fears and protect against...
-
The rate of return on Cherry Jalopies, Inc., stock over the last five years was 14 percent, 11 percent, 4 percent, 3 percent, and 7 percent. What is the geometric return for Cherry Jalopies, Inc.?
-
U.S. GAAP specifies all of the following characteristics of variable interest entities except: A. Equity holders hold less than 5% of the entitys voting stock. B. Equity holders do not have voting...
-
Rank the following three stocks by their risk-return relationship, best to worst. Night Ryder has an average return of 10 percent and standard deviation of 27 percent. The average return and standard...
Study smarter with the SolutionInn App