63. Promise e may dispense with or remit performance of promise e.-Every promisee may
dispense with or re mit, wholly or in part, the performance of the promise e made to him, or may extend the
time for such performance1,or may accept instead of it any sa tisfaction which he thinks fit.
Illustrations
(a)A promises to paint a picture for B. B afterwards forbids him to do so. A is no longe r bound to perform the promise. (b)A owes B 5,000 rupees. A pays to B, and B accepts, in satisfaction of the whole debt, 2,000 rupees paid at the time a nd place at which
the 5,000 rupees were payable. The whole debt is discharged. (c)A owes B 5,000 rupees. C pays to B 1,000 rupees, and B accepts them, in satisfaction of his claim on A. This payment is a d ischarge of
the wh ole claim2. (d)A owes B, under. a contract, a sum of money, the amount of which has not been ascertained. A , without ascertaining the amount, gives
to B, and B, in satisfaction thereof, accepts, the sum of 2,000 rupees. This is a discharge of the whole de bt, whatever may be its amount. (e)A owes B 2,000 rupees, and is also indebted to other creditors. A makes an arrangement with his creditor s, including B, to pay them a
3[composition] of eight annas in the rupee upon their respective demands. Payment to B of 1,000 rupees is a discharge of B’s demand.