How does liability among joint promisors work?

In the context of joint promisors, the principle of collective liability is key. When multiple parties are joint promisors in a contractual agreement, they agree to fulfill a single obligation together. This means that all parties involved are collectively responsible for the entire obligation under the contract.

This collective liability implies that if one joint promisor fails to fulfill their part, the other joint promisors can be held accountable for the entire obligation. This is rooted in the legal idea that a creditor can demand full performance from any one of the joint promisors, thereby ensuring that the creditor is protected regardless of the actions of the individual promisors.

The concept of joint liability also allows for the creditor to pursue any of the promisors for the full amount owed, rather than splitting the obligation between them, which provides a more straightforward avenue of recourse for creditors.

The other options did not correctly capture the essence of liability among joint promisors. For example, the idea of each promisor being liable only for their share (the first option) overlooks the fact that the liability is not partitioned but instead is total and collective. Similarly, the notion that liability can be transferred to others (the second option) misrepresents the nature of joint liability, which does not