Just as easily as it does with any other IP medium. What does it care? It could be PPP or ISDN or hub, and still it is just another IP medium to the same destination. The instructions are how to bond additional IP and names to the path names so communication on the shared IP is sent out on either medium, for both double bandwidth and failover.

Just make sure it is configured with something to watch for outages, as one outage ignored eventually becomes two! RAID5 and the like have this weakness - It starts running on 4 drives but no alert, so nobody ever fixes the fifth drive. A complex medium has many demands n the administrators. Luckily, a cable and two NICs are pretty minimal and reliable. Biggest threat is human tripping on cable!

Remember it is full duplex, so length does not hurt bandwidth, and does very little to latency at a nanosecond a foot or less (speed of light lower in cables due to electromagnetic storage=capacitance and magnetic storage=inductance. The N Ohm rating on the cable says that a light second long cable would draw current like a N ohm resistor for two seconds, and then it depends on what was on the end of the wire. If N ohms load, nothing, else reflected standing wave of voltage (too much resisitance or open) or current (too little resistance or aa short) to destroy transmitter transistors.