X owed Y a debt in the amount of $1,000.The debt was payable on June 1^st.If X offered Y the sum of $900 on the due date as payment in full,at Common Law,Y would be entitled to collect the remaining $100 even though he accepted the lesser sum as payment in full on the due date.

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At Common Law, the rule is that part payment of a debt on the due date is not sufficient consideration to discharge the entire debt unless there is a new agreement supported by consideration. Therefore, Y can claim the remaining $100.

X Owed Y a Debt in the Amount of $1,000