What is the implication of having multiple joint promisees?

Having multiple joint promisees means that all parties are entitled to the benefits of a promise made by a promisor. In legal terms, a joint promisee is someone who has a shared right to receive performance from the promisor. This shared entitlement can lead to a situation where the promisees collectively benefit from the fulfillment of the promise, ensuring that all are eligible to claim the promised performance.

Such a structure can enhance the cooperative nature of the agreement, as all promisees maintain a common interest in the enforcement of the promise. Unlike a scenario with sole promisees, the joint nature fosters collaboration among them when addressing any issues related to the fulfillment of the promise. Therefore, the essence of having multiple joint promisees is that they all hold an equal stake in the promise, sharing the benefits as outlined in the agreement.

The other options do not accurately capture the essence of multiple joint promisees. For example, while responsibilities might seem diluted, each promisee still has a distinct role in ensuring that the obligations are enforced. The notion of formal obligations is also not eliminated; rather, it is shared among the promisees. Furthermore, while having multiple parties might increase the potential for conflict, it primarily emphasizes shared rights rather than inherently leading to disputes.