§ 32102 Apparent Principal may Show Himself to be Surety\r\n\r\n\r\n§ 32101
§ 32102 v2 Apparent Principal may Show Himself to be Surety
§ 32201 Limit of Obligations
§ 32202 Rules of Interpretation
§ 32203 Judgment Against Surety, Generally
§ 32204 Offer of Performance, Generally
§ 32205 Creditors\’ Acts Discharging Surety
§ 32301 Rights Same as Guarantor
§ 32302 Surety may Demand Proceedings Against Principal
§ 32303 Principal to Perform Obligations When Due
§ 32304 Principal Liable to Surety
§ 32305 Surety Same as Creditor
§ 32306 Surety Entitled to Benefits of Securities held by Creditors
§ 32307 Principal\’s Property Taken First
§ 32401 Creditor Entitled to Surety\’s Securities
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Terms Used In Guam Code > Title 18 > Chapter 32 - Suretyship

  • 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
  • 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.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC