21 Guam Code Ann. § 1214
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Terms Used In 21 Guam Code Ann. § 1214
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The ownership of property by several persons is either: (a) Of joint interests;
(b) Of partnership interests; (c) Of interests in common;
(d) Of community interest of husband and wife.
(b) Of partnership interests; (c) Of interests in common;
(d) Of community interest of husband and wife.
SOURCE: CC § 682.
NOTE: Pursuant to the authority granted by 1 Guam Code Ann. § 1606, numbers and/or letters were altered to adhere to the Compiler’s alpha-numeric scheme.