0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does severally liable mean?
The term severally liable means that a person, company, or place is responsible for the upkeep of an establishment, property, or service. If the person, company, or place is not following the responsibilities they are liable which means they can be sued for money.
Can a company be sued if it no longer exists?
No, a company can be sued if the company does not exist anymore. The owners of the company may be liable. An attorney can help you decide the best action to take.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
If a corporation is sued for selling unsafe products and loses the suit and is held liable who is responsible for the debt?
the shareholders
Is there a liability risk for Parents of a 16 year old?
Absolutely. The parents of a minor can, under certain circumstances, be held liable for what that minor does. If the minor gets sued, you man also get sued.
When can a parent be sued for child support?
You are liable for child support when your child spends more than half his/her time with another custodian. Typically this is worked out in family court. If you do not pay, you can be sued.
Can the parents of a 20 year old be sued if son was in accident with his own car that he owns in Illinois?
The parents are not liable for the damage. Parents can only be liable for the actions of a child who is under the age of 18.
If I was to get to accident and someone else's car and I was being sued and I do a bankruptcy who will be liable?
Bankruptcy is altogether different than criminal settlements
What does severally mean?
The term severally liable means that a person, company, or place is responsible for the upkeep of an establishment, property, or service. If the person, company, or place is not following the responsibilities they are liable which means they can be sued for money.
The individual or group that is sued or charged with a crime is the?
defendant
Can you be held liable if someone falls off a horse on your property?
Yes you can be held liable and be sued if you did not have the person sign a liability waiver. You should also have liability insurance if you let other people ride your horse on your property.
Two names on a home equity loan and one person no longer lives there and doesnt want to pay it back is the other person still liable?
In short, if the loan is not paid, everyone on the contract can be sued. If the loan is in both names, then both people are "jointly and severally" liable for non-payment, meaning that they can both be sued if the loan is not paid, and one or both of them must pay the awarded judgment, and the non-paying party may then be sued by the one who had to pay.
