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Define Payment. 5pts To whom must payment be made? 5pts Under the NCC, what are the different special forms of payment? Define each. 15 pts.

  1. Define Payment. 5pts
  2. To whom must payment be made? 5pts
  3. Under the NCC, what are the different special forms of payment? Define each. 15 pts.
  4. Define application of payment AND give its essential requisites. 10 pts.

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