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It is not the case that The promisee's power to release the promisor presupposes an already-existing obligation, which acceptance cannot have created.
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Reasons For
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Reason for
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1.
Release power is itself a contractual right created by the agreement; it need not exist before the very obligation it discharges.
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2.
In gift promises, the promisee has release power even though many systems deny enforceability without consideration, suggesting acceptance creates releasability.
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3.
The ability to release an obligation does not require that obligation to predate the transaction that generated the release power itself.
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Reasons Against
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Reason against
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1.
Release is a unilateral act of forgiving or waiving a right; only those holding pre-existing rights can exercise release powers.
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2.
If acceptance created the obligation, the promisee would simultaneously create and then destroy it through release, which is logically odd.
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3.
Moral obligation exists between promisor and promisee before acceptance; acceptance merely makes it legally enforceable, not originating.
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