18 Guam Code Ann. § 81102
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Terms Used In 18 Guam Code Ann. § 81102
- 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.
A right arising out of an obligation is the property of the person to whom it is due, and may be transferred as such.
SOURCE: CC § 1458.