What is Devolution of joint liabilities? Section 42 of Indian Contract Act 1872
42. When two or more persons have made a joint promise, then, unless a contrary intention appears by the contract, all such persons, during their joint lives, and, after the death of any of them, his representative jointly with the survivor or survivors, and, after the death of the last survivor, the representatives of all jointly, must fulfil the promise.
Time and place for performance
Performance of reciprocal promises
Appropriation of payments