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Joint And Several Liability
A legal term indicating that each party involved is individually responsible for the entire debt or obligation, as well as collectively with the other parties.
Agent's Torts
Refers to wrongs committed by an agent acting on behalf of a principal that can lead to liability for the agent and potentially the principal.
Principal
The main party to a transaction or contract, often distinguished from an agent who acts on behalf of a principal.
Liability
An obligation, either legal or financial, that an individual or entity is required to fulfill towards another party.
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