When several persons jointly enter into a contract with one or more others, the contract may be described as

When several persons jointly enter into a contract with one or more others, the contract may be described as

• A. Joint, several
• B. Bilateral
• C. Unilateral
• D. Simple

Answer: (A)

When multiple people sign a contract and stand together to fulfill the obligation, the situation is described as joint and several. That means they share responsibility as a group (joint) and also each person is independently liable for the entire obligation if others don’t pay (several). This gives the other party strong protection: they can sue any one signer for the full amount, and that signer can later seek contribution from the others. This differs from a bilateral contract (two parties), a unilateral arrangement (one party makes a promise), or terms like simple that aren’t used to describe multi-party liability.

When multiple people sign a contract and stand together to fulfill the obligation, the situation is described as joint and several. That means they share responsibility as a group (joint) and also each person is independently liable for the entire obligation if others don’t pay (several). This gives the other party strong protection: they can sue any one signer for the full amount, and that signer can later seek contribution from the others.

This differs from a bilateral contract (two parties), a unilateral arrangement (one party makes a promise), or terms like simple that aren’t used to describe multi-party liability.