18 Guam Code Ann. § 32204
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Terms Used In 18 Guam Code Ann. § 32204
- 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.
Performance of the principal obligation, or an offer of such performance, duly made as provided in this Code, exonerates a surety.
SOURCE: CC § 2839.