Guam Code > Title 18 > Chapter 80 – Obligations
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Terms Used In Guam Code > Title 18 > Chapter 80 - Obligations
- Contract: A legal written agreement that becomes binding when signed.
- Dependent: A person dependent for support upon another.
- 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.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.