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joint and several liability

Hindi translation: संयुक्त एवं पृथक दायित्व

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:joint and several liability
Hindi translation:संयुक्त एवं पृथक दायित्व

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13:13 May 21, 2009
English to Hindi translations [PRO]
Law/Patents - Law (general)
Additional field(s): Investment / Securities, Law: Contract(s)
English term or phrase: joint and several liability
Definition from www.businessballs.com:
Where parties act together in a contract as partners they have joint and several liability. In addition to all the partners being responsible together, each partner is also liable individually for the entire contract - so a creditor could recover a whole debt from any one of them individually, leaving that person to recover their shares from the rest of the partners.

Example sentence(s):
  • It has become apparent in our industrialized society that this doctrine [the common law doctrine of joint and several liability] has produced inequitable and unfair results that have had a detrimental impact on businesses. www.pointoflaw.com
  • Judgment against a teaching hospital in a medical malpractice suit shall be based on the percentage of fault and not Joint and Several Liability. www.subrogation.net
  • Joint and several liability can also apply to rent arrears on joint tenancies, arrears on joint mortgages, Council Tax payments and water charges on properties that have been jointly occupied. Payplan Ltd.
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संयुक्त एवं पृथक दायित्व
Definition:
संयुक्त एवं पृथक दायित्व के तहत, दावा करने वाली पार्टी किसी भी एक पार्टी से दायित्व पूर्ति की मांग कर सकती है मानो यह उनका संयुक्त दायित्व हो, और फिर यह बचाव पक्ष की पार्टियों का काम है कि वे दायित्व और भुगतान में अपना-अपना हिस्सा तय करें.
Selected response from:

Pundora
India
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
4 +2संयुक्त एवं पृथक दायित्व
Pundora


Discussion entries: 4





  

Translations offered


13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
संयुक्त एवं पृथक दायित्व


Definition from own experience or research:
संयुक्त एवं पृथक दायित्व के तहत, दावा करने वाली पार्टी किसी भी एक पार्टी से दायित्व पूर्ति की मांग कर सकती है मानो यह उनका संयुक्त दायित्व हो, और फिर यह बचाव पक्ष की पार्टियों का काम है कि वे दायित्व और भुगतान में अपना-अपना हिस्सा तय करें.

Example sentence(s):
  • उन्होंने कहा कि बैंक की ओर से एक नयी योजना संयुक्त दायित्व समूह की शुरूआत की गयी है.....इसके लिए पांच व्यक्ति इकट्ठा होकर लोन ले सकते हैं... पांच लोगों के समूह में प्रत्येक व्यक्ति एक दूसरे का गारंटर होता है...... - in.jagran.yahoo.com  
  • और, जायदाद के प्रत्येक स्वामी पर आयकर देयता या संपत्ति कर देयता का पृथक दायित्व होगा। हालांकि यदि संपत्ति के स्वामित्व में यथानुपात योगदान करने के लिए किसी एक संयुक्त खरीदार ... - amarujala.com  
  • साझेदारों का दायित्‍व असीमित होता है। कानूनी रूप से साझेदार संयुक्‍त होते है और फर्म के दायित्‍वों के लिए उनकी उनकी जवाबदेही होती है। इसका आशय यहां है कि यदि फर्म की परिसम्‍पत्ति और सम्‍पत्ति फर्म के ऋणों को पूरा करने हेतु अपर्याप्‍त होती हैं तो ऋणदाता व्‍यष्टि साझेदारों की वैयक्तिक सम्‍पत्ति से अपने ऋणों की वसूली कर सकते हैं। - bharat.gov.in  
Pundora
India
Local time: 14:47
Native speaker of: Hindi
PRO pts in category: 16

Votes in favor of/against selecting this as the best translation of the term asked
Yes  rtpushpa: agree. This is a very commonly used term in the Indian Banking Industry.
2 days 11 hrs
  -> Thanku you Pushpa.
Yes  C.M. Rawal
11 days
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