§ 5101 Who is a Debtor
§ 5102 Who is a Creditor
§ 5103 Contracts of Debtor Valid
§ 5104 Payments in Preference
§ 5105 Relative Rights, Different Creditors
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Terms Used In Guam Code > Title 20 > Chapter 5 - General Principles

  • Contract: A legal written agreement that becomes binding when signed.
  • Fraud: Intentional deception resulting in injury to another.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.