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Terms Used In 18 Guam Code Ann. § 88104

  • Contract: A legal written agreement that becomes binding when signed.
The parties to a contract may agree therein on an amount which shall be presumed to be the amount of damage sustained by a breach thereof; when, from the nature of the case, it would be impracticable or extremely difficult to fix the actual damage.

SOURCE: CC § 1671.
NOTE: No 1970 Civil Code ‘1672 existed.