13 Guam Code Ann. § 3303
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Terms Used In 13 Guam Code Ann. § 3303
- Lien: A claim against real or personal property in satisfaction of a debt.
holder takes the instrument for value
(a) To the extent that the agreed consideration has been performed or that he acquires a security interest in or a lien on the instrument otherwise than by legal process; or
(b) When he takes the instrument in payment of or as security for an antecedent claim against any person whether or not the claim is due; or
(a) To the extent that the agreed consideration has been performed or that he acquires a security interest in or a lien on the instrument otherwise than by legal process; or
(b) When he takes the instrument in payment of or as security for an antecedent claim against any person whether or not the claim is due; or
(c) When he gives a negotiable instrument for it or makes an irrevocable commitment to a third person.