Glossary of Insurance Terms
Printed with permission from the Insurance Institute of Canada.
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Joint and Several Liability Clause
Judgement
Jurisprudence
Jury
Joint and
Several Liability Clause
This exists when the situation is such that a creditor in
the case can sue any one of the debtors individually, or
any, several or all of them, at the creditor's option.
This situation applies to tort-feasors as well as to
commercial debtors. Persons who together commit a tort
and injure another person generally would be jointly and
severally liable for the damage. An injured person has
the option of suing the entire group or of suing the one
having the greatest financial strength.
Judgment
1) An order given by a Court.
2) A debt resulting from a Court Order.
Jurisprudence
Common law, being based partly on decisions made in
previous cases and quotations from these earlier cases,
supports the decision that should be reached in any
particular case presently before the Court. These
previously decided cases are known as jurisprudence.
Jury
A body of persons selected from the general populace
sworn to hear evidence in a law case and to make a
decision according to their findings.
