18 Guam Code Ann. § 82220
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Terms Used In 18 Guam Code Ann. § 82220
- 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.
An offer of payment or other performance, duly made, though the title to the thing offered be not transferred to the creditor, stops the running of interest on the obligation, and has the same effect upon all its incidents as a performance thereof.
SOURCE: CC § 1504.