Technically, we always need a fallback just because the way the UPLC
is going to work. The last case in the handler pattern matching is
always going to be else ...
We could optimize that away and when the validator is exhaustive, make
the last handler the fallback. Yet, it's really a micro optimization
that saves us one extra if/else. So the sake of getting things
working, we always assume that there's a fallback but, with the extra
condition that when the validator is exhaustive (i.e. there's a
handler covering all purposes), the fallback HAS TO BE the default
fallback (i.e. (_) => fail).
This allows us to gracefully format it out, and also raise an error in
case where there's an extraneous custom fallback.