Discharge of a contract by remission
Discharge of a contract by remission Discharge of contract by remission is covered by Section 63 of the Indian Contract Act, 1872. As per Section 63, the promisee is empowered to remit or dispense with the performance of the contract. The remission of the performance of promise can be done either wholly or in part. Even the time can be extended, if the promisee so desires. Thus, the promisee can accept any degree of satisfaction of the contract as he thinks fit. Illustrations When there is a contract between ‘A’ and ‘B’ where ‘A’ promises to paint a picture of ‘B’, the contract can be discharged if ‘B’ forbids ‘A’ from doing so. Thus, ‘A’ is no longer bound to fulfil his promise. In a case where ‘A’ owes ‘B’ Rs. 5,000 and ‘B’ directs ‘A’ to pay just Rs.2000 instead of the full amount at the time and place where Rs. 5000 were to be paid, ‘A’ is discharged from his obligation by paying just the amount accepted by ‘B’ in satisfaction of the full contrac...