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joint obligation

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 82 U.S. 140 - Pickersgill v. Lahens · 1872Most cited · 18 citing opinions

it is not a principle of equity that every joint covenant shall be treated as if it were joint and several. The court will not vary the legal effect of the instrument by making it several as well as joint, unless it can see, either by independent testimony or from the nature of the transaction itself, that the parties concerned intended to create a separate as well as joint, liability.