joint and several note
- A promissory note which is the note of all and of each of the makers as to its legal obligation between the parties to it. A promissory note in the form, "I promise to pay," etc., and signed by two persons is as much a joint and several note as one which reads, "We jointly and severally promise to pay," similarly signed. Ladd v Baker, 26 NH 76; UCC § 118(e) and Comment 6; Uniform Negotiable Instruments L § 17(7).
Ballentine's law dictionary. Anderson, W.S.. 1998.
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