If all parties to a lease or a mortgage are each responsible for 100% of the obligation, they are considered:
A) severally liable
B) tenants in common
C) jointly and severally liable
D) fee simple owners

Question

Quizplus · Accepted Answer

When all parties are responsible for 100% of the obligation, they are considered jointly and severally liable, meaning each party can be held responsible for the entire obligation.

If All Parties to a Lease or a Mortgage Are