X owed Y a debt in the amount of $1,000.The debt was payable on June 1^st.If X offered the $900 on the day before the due date,and Y accepted the money as payment in full,at Common Law,he could not later demand the remaining $100.

Question

Quizplus · Accepted Answer

According to the doctrine of accord and satisfaction at Common Law, if Y accepted the $900 from X as payment in full before the due date, it would discharge the debt in its entirety, and Y would not be able to demand the remaining $100 later.

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