18 Guam Code Ann. § 31201
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 18 Guam Code Ann. § 31201
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Where a guaranty is entered into at the same time with the original obligation, or with the acceptance of the latter by the guarantee, and forms with that obligation a part of the consideration to him, no other consideration need exist. In all other cases, there must be a consideration distinct from that of the original obligation.
SOURCE: CC § 2792.