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Terms Used In 18 Guam Code Ann. § 85301

  • Contract: A legal written agreement that becomes binding when signed.
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 85 NATURE OF A CONTRACT

The consent of the parties to a contract must be:

1. Free;

2. Mutual; and

3. Communicated by each to the other.

SOURCE: CC § 1565.