3 Terms
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Legal
Several liability
Law; Legal
Responsibility of one party for the entire debt (as in "joint and several") or judgement when those who jointly agreed to pay the debt or are jointly ordered to pay a judgement do not do so.
Causal relationship
Law; Legal
A connexion between events or happenings whereby one state of affairs (the effect) is brought about by another (the cause).
Actual control person
Law; Legal
A member of an organization or an employee of a company who has significant sway in the decision making process.
Joint liability
Law; Legal
A situation where two or more persons are both responsible for a debt, claim or judgment.
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