13 Guam Code Ann. § 9317
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Terms Used In 13 Guam Code Ann. § 9317
- Contract: A legal written agreement that becomes binding when signed.
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
e mere existence of a security interest or authority given to the debtor to dispose of or use collateral does not impose contract or tort liability upon the secured party for the debtor’s acts or omissions.