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LAW ON OBLIGATION AND CONTRACT 1. In what way is compensation similar to payment? 2. D borrowed P50,000 as character loan (nso security) from a

LAW ON OBLIGATION AND CONTRACT

1. In what way is compensation similar to payment?

2. D borrowed P50,000 as character loan (nso security) from a bank. Despite demands for payment after the loan fell due, D did not pay the bank . D had a savings deposit of P40,000 with the bank. Has the bank the right to apply the deposit to the payment of D's debt?

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