7 Guam Code Ann. § 50351
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Terms Used In 7 Guam Code Ann. § 50351
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Contract: A legal written agreement that becomes binding when signed.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
If the debtor is bound by endorser, surety, bail or guarantor, upon any bill, bond, note or other specialty or contract, or for any debt of any person, and his liability shall not have become absolute until after the adjudication of insolvency, the creditor may prove the same after such liability shall have become fixed, and before the final dividend shall have been declared.
SOURCE: CCP § 1351.
SOURCE: CCP § 1351.