18 Guam Code Ann. § 31602
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Terms Used In 18 Guam Code Ann. § 31602
- 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.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 31 GUARANTY
A promise by a creditor, which for any cause is void, or voidable by him at his option, does not alter the obligation or suspend or impair the remedy, within the meaning of the last section.
SOURCE: CC § 2820.