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

Question 49

True/False

X owed Y a debt in the amount of $1,000.The debt was payable on June 1st.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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