Indian Contract Act, 1872
Section - 63 - Promisee may dispense with or remit performance of promise
Promisee may dispense with or remit performance of promise
63. Every promisee may dispense with or remit, wholly or in part, the performance of the promise made to him, or may extend the time for such performance, or may accept instead of it any satisfaction which he thinks fit.
Illustrations
| (a) | - | A promises to paint a picture for B. B afterwards forbids him to do so. A is no longer 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 and 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 discharge of the whole claim. |
| (d) | - | A owes B, under a contract, .... To read the full section download the app from Google Play store
06 July 2026
Chartered Accountant (Indirect Taxation)Gowra Ventures Pvt Ltd Hyderabad CA View Details
ARTICLESHIP
24 June 2026
ARTICLE ASSISTANTBHUPINDER SHAH AND COMPANY New Delhi CA Inter View Details
ARTICLESHIP
30 June 2026
Taxation Content Writer InternInteractive Media Pvt Ltd. New Delhi CA Inter View Details |
CAclubindia
