5 Discharge by Agreement of the Parties

The consent-based exits: novation (the new contract substituting — the parties'-or-promise's substitution); rescission (the mutual unwinding — the restitution's exchange); alteration (the terms' consensual change); remission (the promisee's acceptance of less — the Code's-and- practice's remission rules); waiver-and-abandonment (the rights' voluntary non-assertion); accord-and-satisfaction (the new agreement's performance ending the old dispute — the compromise deeds, milaapat, of the Nepali practice); the composition-and-creditors' arrangements; the release's formality questions.