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.

Question

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At common law, the acceptance of a lesser sum on the due date does not discharge the debtor from the obligation to pay the full amount unless there is some form of new consideration or a different agreement made.

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