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Terms Used In 20 Guam Code Ann. § 2215

  • 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 the breach of a carrier’s obligation to accept freight, messages, or passengers is deemed to be the difference between the amount which he had a right to charge for the carriage and the amount which it would be necessary to pay for the same service when it ought to be performed.

SOURCE: CC § 3315.