18 Guam Code Ann. § 37101
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Terms Used In 18 Guam Code Ann. § 37101
- Contract: A legal written agreement that becomes binding when signed.
Bottomry is a contract by which a ship or its freightage is hypothecated as security for a loan, which is to be repaid only in case the ship survives a particular risk, voyage, or period.
SOURCE: CC § 3017.