Question: 1. When is a contract deemed perfected? 2. When is a contract deemed consummated? 3. Are there contracts deemed consummated during the perfection of the

1. When is a contract deemed perfected? 2. When is a contract deemed consummated? 3. Are there contracts deemed consummated during the perfection of the contract? Explain. 4. When two persons are claiming the same right to collect from you and you are in doubt to whom you will give your payment, what would your remedy be so that you will not pay to the wrong person? Briefly explain also the procedure

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