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Terms Used In 20 Guam Code Ann. § 2203

  • 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.
The detriment caused by a breach of an obligation to pay money only is deemed to be the amount due by the terms of the obligation with interest thereon.

SOURCE: CC § 3302.

NOTE: No CC § 3303 existed.