In joint liability, what happens if one promisor defaults?

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In the context of joint liability, when one promisor defaults, all joint promisors bear the consequences. This means that each promisor is equally responsible for fulfilling the obligation defined in the agreement.

Joint liability signifies that all parties involved are collectively responsible for the entire obligation. Thus, if one party fails to perform (defaults), the others are still bound to meet the contractual obligations to the creditor or the party that rendered the service. Generally, this principle ensures that the burden of the default does not solely fall on the one who failed to perform; instead, the entire group of promisors shares this liability.

The correct choice reflects the legal principle that protects the interests of parties involved. Creditors can seek fulfillment of the obligation from any of the joint promisors, reinforcing the idea that all are accountable together for the entire promise or obligation.

Other options such as exempting the other promisors or penalizing only the defaulting promisor do not accurately reflect the nature of joint liability, as the essence of this form of liability is collective accountability rather than individual punishment or exemption.

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